Chinese state banks’ 2024 profits rise and bad loans dwindle even as margins narrow

Quick Summary:

All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.

The Shanghai-headquartered bank saw its NPL ratio fall to 1.31 per cent from 1.33 per cent, while its NIM slipped to 1.27 per cent from 1.28 per cent.

A China Construction Bank (CCB) branch in Beijing on 5 November 2020.

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Article Details

Author / Journalist: Cao Li

Category: Business

Markets: Hong KongChina

Topics: Yuan Banks Cent Year China Profit Reporting Chinese Bank Billion Tightened

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 18:30:43 (2 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 221 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27382590

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