Chinese banks

Profitability of Chinese banks set to fall

Once again, the country's lenders will post good 2011 results, however, 2012 earnings prospects are gloomy.
<div style="text-align: left;"> Bank of China's profit growth is already the weakest of its peers </div>
<div style="text-align: left;"> Bank of China's profit growth is already the weakest of its peers </div>
March 22, 2012

Chinese banks routinely publish good annual results these days. Their 2011 earnings, which will be announced from today onwards, are likely to set new records as well. But this good fortune will not continue. Rising bad loans and weaker demand are hurting the earnings outlook for banks in 2012.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media