FILE PHOTO: A man walks past a branch of Industrial and Commercial Bank of China in Beijing, China April 1, 2019. REUTERS/Florence Lo
Earnings were bolstered by a surge in loan growth and smaller provisions for loan losses, the data showed.For a graphic on Chinese commercial banks’ outstanding loan growth: The banks were supported by faster asset growth, which surged to 11% in Q3 2020 from 8.1% in 2019, she said. Data from the China Banking Regulatory Commission showed that loan loss provision ratio of commercial banks fell to 3.53% in the third quarter, slightly less than in the prior quarter.Shen Juan, an analyst at Huatai Securities, expects the net profit of listed banks to grow 7.1% year-on-year in 2021, as policy support for smaller firms, private enterprises and the infrastructure sector boost lending.
Fake accounting. Shadow banking system, fake masks, fake ventilators, fake formula milk, fake cosmetics, fake drugs, fake vaccines, fake wine.. Why on earth could the books be genuine
nice