China’s Big Six bank earnings to reflect recovery from Covid, stronger loan book

//China’s Big Six bank earnings to reflect recovery from Covid, stronger loan book

China’s Big Six bank earnings to reflect recovery from Covid, stronger loan book

China’s biggest state-controlled lenders are likely to report stronger earnings for last year on the back of a surging economy that accelerated loan growth while bad loans shrank by 49 per cent as businesses recovered.Bank of Communications releases its full-year earnings later today. Peers Bank of China and China Construction Bank report on Tuesday, followed by Industrial and Commercial Bank of China, Agricultural Bank of China and Postal Savings Bank of China on Wednesday.The big six Chinese…

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By | 2022-03-25T04:10:48+00:00 March 25th, 2022|Business|Comments Off on China’s Big Six bank earnings to reflect recovery from Covid, stronger loan book