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.
As some major lenders begin pricing corporate debt against flexible short-term markets, analysts warn the shift could squeeze net…
Beijing is forcing a steep cut in borrowing costs across its multi-trillion yuan consumer credit market and dismantling the core…
June new loans plunge nearly 30% from a year earlier as the central bank downplays raw credit volume
Rural and privately owned lenders lifted some long-term rates to compete with state-owned banks, whose return to five-year…
