Economic news

Chinese bank profits continue to slow as loan rates decline, regulator says

2024.08.21 04:22

Chinese bank profits continue to slow as loan rates decline, regulator says

BEIJING (Reuters) – Chinese commercial banks’ net profit growth is continuing to slow mainly due to a decline in loan interest rates and narrowing net interest margin, a National Financial Regulatory Administration (NFRA) official said on Wednesday.

The average interest rate of new issued corporate loans in the first seven months this year fell by 39 basis points compared to the same period last year, Liao Yuanyuan said at a news briefing.

The regulator also said it would strengthen supervision of major shareholders at small- and medium-sized financial institutions to prevent financial risks.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 69,419.60 2.34%
ethereum
Ethereum (ETH) $ 2,428.22 1.45%
tether
Tether (USDT) $ 1.00 0.11%
bnb
BNB (BNB) $ 563.58 2.50%
solana
Solana (SOL) $ 165.92 5.54%
usd-coin
USDC (USDC) $ 1.00 0.05%
xrp
XRP (XRP) $ 0.513193 2.33%
dogecoin
Dogecoin (DOGE) $ 0.168713 8.00%
staked-ether
Lido Staked Ether (STETH) $ 2,426.16 1.28%
tron
TRON (TRX) $ 0.160528 1.48%
cardano
Cardano (ADA) $ 0.334393 2.65%
the-open-network
Toncoin (TON) $ 4.67 0.86%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 6.19%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,870.97 1.52%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 69,348.58 2.51%
avalanche-2
Avalanche (AVAX) $ 23.94 5.34%
weth
WETH (WETH) $ 2,428.45 1.40%
bitcoin-cash
Bitcoin Cash (BCH) $ 343.44 4.74%
chainlink
Chainlink (LINK) $ 10.81 5.50%
usds
USDS (USDS) $ 1.00 0.02%
leo-token
LEO Token (LEO) $ 6.02 0.92%
sui
Sui (SUI) $ 1.97 7.36%
polkadot
Polkadot (DOT) $ 3.88 3.64%
litecoin
Litecoin (LTC) $ 66.05 0.70%
near
NEAR Protocol (NEAR) $ 3.81 6.54%
aptos
Aptos (APT) $ 8.48 6.94%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,552.65 1.51%
uniswap
Uniswap (UNI) $ 7.14 6.29%
pepe
Pepe (PEPE) $ 0.000008 7.82%
internet-computer
Internet Computer (ICP) $ 7.38 6.24%
bittensor
Bittensor (TAO) $ 452.60 9.33%
dai
Dai (DAI) $ 1.00 0.12%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.24 11.67%
monero
Monero (XMR) $ 158.65 1.05%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.12%
stellar
Stellar (XLM) $ 0.093462 2.82%
kaspa
Kaspa (KAS) $ 0.11063 6.59%
whitebit
WhiteBIT Coin (WBT) $ 19.08 0.99%
ethereum-classic
Ethereum Classic (ETC) $ 18.24 3.74%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.19%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.303047 4.52%
blockstack
Stacks (STX) $ 1.52 5.16%
okb
OKB (OKB) $ 37.81 1.89%
dogwifcoin
dogwifhat (WIF) $ 2.08 8.99%
filecoin
Filecoin (FIL) $ 3.39 4.45%
aave
Aave (AAVE) $ 135.43 6.37%
crypto-com-chain
Cronos (CRO) $ 0.072219 2.78%
arbitrum
Arbitrum (ARB) $ 0.488366 4.05%
mantle
Mantle (MNT) $ 0.560596 1.85%
immutable-x
Immutable (IMX) $ 1.08 3.78%