Uneasy outlook ahead for lenders
By Jiang Xueqing | China Daily | Updated: 2015-12-08 08:01
Listed lenders from China may see zero or negligible profit growth next year, with some likely to incur marginal losses, a new report said on Monday.
The nonperforming loans ratio, which measures bad loans as a percentage of total loans, will rise to around 2 percent for listed banks, compared with around 1.59 percent now, said the report published by the Institute of International Finance at Bank of China Ltd.
The country's fourth-largest commercial lender also warned that the provision coverage ratio will inch toward 150 percent - the minimum level set by the China Banking Regulatory Commission.
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