Chinese bank earnings spared from property distress as Evergrande and troubled peers pose threats to loan quality

//Chinese bank earnings spared from property distress as Evergrande and troubled peers pose threats to loan quality

Chinese bank earnings spared from property distress as Evergrande and troubled peers pose threats to loan quality

Chinese banks reported a strong set of third-quarter operating results, evading a distress among mainland property developers as the industry hit a rough patch. More tests await in the coming months as debt crunch persists, putting loan quality at risk, analysts said.Bank of Communications and Postal Savings Bank of China recorded more than 20 per cent jump in earnings, beating analysts’ estimates. Almost all of them showed lower sequential bad loan ratios, based on report cards from this week…

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By | 2021-10-31T07:27:03+00:00 October 31st, 2021|Business|Comments Off on Chinese bank earnings spared from property distress as Evergrande and troubled peers pose threats to loan quality