First-quarter profit falls 3.7% as pressure on lenders persists
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China’s commercial banks came under continued pressure in the first quarter as net interest margin (NIM) fell to a record low.
The net interest margin for commercial banks stood at 1.42% in the fourth quarter, holding steady from the previous two quarters
All six state banks, including ICBC and China Construction Bank, report lower margins alongside small reductions in bad loans.
Beijing is forcing a steep cut in borrowing costs across its multi-trillion yuan consumer credit market and dismantling the core…
Caixin survey points to subdued financing demand amid weak investment and household borrowing
A Caixin survey shows economists expect both new yuan loans and total social financing to fall from a year earlier, reflecting…
Strong corporate lending supports overall credit despite weak consumer demand
