Chinese rural banks under growing pressure to consolidate amid sluggish earnings
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Chinese crypto crackdown causes bitcoin prices to plunge
naturalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalnews.com Daily Mail and Mail on Sunday newspapers.
Margin pressure at China’s major banks may ease as economic SOS wanes
The largest banks in China may see easing pressure on their net interest margins, after they stayed in contraction in the first quarter, as lenders may extend fewer loans at the cheapest interest rates.
In the three months ended March 31, Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Bank of China Ltd. and Agricultural Bank of China Ltd. reported lower net interest margins compared with a year ago. Apart from Agricultural Bank of China, which did not disclose its NIM for the fourth quarter of 2020, three other state-backed lenders also reported a quarter-over-quarter contraction in their margins.