1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      Big banks losing momentum on profits

      2013-03-22 09:58 Global Times     Web Editor: qindexing comment

      China's five largest commercial banks are expected to see their combined net profits for 2012 grow by 12 percent to over 750 billion yuan ($120.72 billion), the official China Securities Journal (CSJ) reported Thursday, citing banking industry insiders.

      These results stand in contrast to the 25 percent annual growth pace these big lenders - which include Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications - scored in 2011, when their net profits stacked up to an accumulated 680.8 billion yuan, their financial records show.

      And according to the CSJ's sources, growth could decelerate further in 2013 - perhaps slowing to 8 to 10 percent if current conditions remain stable.

      "The narrowing spread between lending and deposit rates is the main thing that has hit these banks," Guo Tianyong, head of the China Banking Research Center at Central University of Finance and Economics, told the Global Times.

      "I also expect profit growth to drop under 10 percent if the country continues to promote liberalization of interest rates," said Guo, who went on to note that the throttling back anticipated by the CSJ's sources was largely in line with current expectations as market watchers await official results from these institutions over the coming week.

      China sped up market-based interest rate reforms last year after the People's Bank of China (PBC) allowed deposit and loan rates to float within a government-intervened band, a development which ultimately tightened room for banks to profit from these operations.

      Meanwhile though, China's smaller banks are expected to perform better over the same period. "Their profits are likely to grow by as much as 25 percent," She Minhua, a bank analyst with Zhong De Securities, told the Global Times.

      Shanghai Pudong Development Bank Co and Ping An Bank Co, two such institutions which have already released their financial results for 2012, posted net profit growth of 25 percent and 30 percent year-on-year respectively.

      "Smaller banks have seen their profits expand quickly because their main clients are small- and medium-sized enterprises (SMEs), whom they can charge more for loans," said She, who explained that bank borrowing rates for SMEs could be up to 140 percent higher than the current benchmark lending rate.

      "For big banks, however, SME loans only occupy a small percentage of their lending business," She pointed out.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 免费国产成人高清在线观看网站| 成年免费大片黄在线观看岛国 | 狠狠色伊人亚洲综合网站色| 亚洲精品美女久久7777777| 国产精品亚洲综合一区在线观看 | 亚洲爆乳无码一区二区三区| 精品日韩亚洲AV无码一区二区三区| 亚洲日韩国产精品乱-久| 在线观看AV片永久免费| 中文字幕无码精品亚洲资源网久久| 日韩视频在线精品视频免费观看| 精品亚洲AV无码一区二区三区| 污网站在线免费观看| 十八禁无码免费网站| 国产免费观看视频| 久久亚洲美女精品国产精品 | 亚洲黄色免费网址| 有色视频在线观看免费高清在线直播 | 免费视频成人片在线观看| 日本免费一本天堂在线| 久久综合日韩亚洲精品色| 国产成人综合亚洲绿色| 亚洲美女高清一区二区三区| 亚洲福利视频一区二区三区| 中文字幕在线视频免费观看| 女人18毛片a级毛片免费视频| 亚洲国产成人片在线观看| 99久久久国产精品免费牛牛| 亚洲av无码不卡久久| 四虎永久免费影院在线| 久久www免费人成精品香蕉| 国产大片线上免费看| 亚洲国产精品白丝在线观看| 日韩免费的视频在线观看香蕉| 亚洲精品视频免费观看| 在线成人精品国产区免费| 77777亚洲午夜久久多人| 综合偷自拍亚洲乱中文字幕| 在线播放免费人成视频在线观看| 羞羞漫画登录页面免费| 日韩亚洲国产二区|