Banks to see lower profit
By Hu Yuanyuan | China Daily | Updated: 2009-07-29 07:59
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Workers at a Bank of Ningbo office in Shanghai. The bank, the first listed lender to file a mid-term report, said its first-half profits would drop nearly 5 percent from a year earlier. CFP |
Chinese listed banks, which have lent record high amounts in the first half, are likely to report lower profit growth in the period due to narrowing interest spreads and higher provisioning requirements, industry analysts said.
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