Agbank forex factory

Daily Newspaper published by GPPC Doha, Qatar. Big Five’ state-owned banks have warned that profits will continue to be pressured in the second half of the year, as slowing growth in the world’agbank forex factory second-biggest economy hits borrowers and saps lenders’ margins.

ICBC’s chairman Yi Huiman said bad loans will continue to rise. 100bn to shore them up, some analysts have said. ICBC said in a statement on its earnings. ICBC’s Yi said he expects the bank’s NIM to contract by 6-7 basis points in the second half, noting that each basis point drop costs more than 2bn yuan in lost profit.

One surprise is the NIM pressure. Min Zhou, a banking analyst at AB Bernstein. China’s central bank cut interest rates last October for the sixth time in less than a year in a bid to jump-start growth in the stuttering economy. The squeeze on margins has also put pressure on banks’ capital strength, analysts said, with all the big five banks seeing their core capital slip, again raising the likelihood of a government bail-out. 2018, it has dipped from the previous quarter. 2bn yuan in the whole of last year. 2bn yuan in January-June, compared to 45.

2bn yuan in all of 2015. 3bn yuan were only around 3bn yuan less than in all of last year, and the bank’s president Zhao Huan said it plans to increase disposals in the second-half. To digest some of the rising tide of bad debt, both ICBC and BoC plan to issue NPL asset-backed-securities. ICBC said these could be issued as early as next month, and a first batch would not exceed 5bn yuan. CCB’s chief risk officer Zeng Jianhua, however, saw some light down the tunnel. I expect asset quality hit bottom last year.

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