PwC report highlights growing pressure on listed lenders' profit growth
By Cai Xiao | China Daily | Updated: 2017-04-25 06:48
China's listed banks' net profits continued to grow in 2016, but they will face increasing pressure to maintain this growth, according to a report issued by PricewaterhouseCoopers on Monday.
The report analyzed the 2016 annual reports of 27 A-share and H-share listed lenders - six large commercial banks, seven joint-stock commercial banks, nine city commercial banks and five rural commercial banks.
The net profits of the 27 listed companies in 2016 totaled 1.32 trillion yuan ($191.9 billion), increasing 3.2 percent year-on-year, it said.
Photo