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在线翻译:
szdaily -> Business_Markets -> 
Banks set for modest profit growth
    2018-08-22  08:53    Shenzhen Daily

THE country’s biggest listed State-owned lenders are expected to post modestly higher profits and steady margins for the six months ended June, as government efforts to boost spending and liquidity underpins loan growth.

The government has been pumping funds into the banking system and rolling out support measures for local businesses to cushion the impact from a trade war with the United States.

But analysts fear an unrestrained, credit-fuelled growth, could worsen a build-up in bad loans, already at nine-year highs.

Indications on future trends are expected to emerge over the coming weeks as the top banks — Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China and Bank of Communications — unveil their January-June results.

Profits for China’s top five banks are expected to have risen by 4.7-7 percent, said analysts surveyed by Thomson Reuters. In 2017, the banks saw profits rise 2.8-4.9 percent.

Due to better loan margins, “I expect no major changes either up or down, so stable earnings situation,” said Nicholas Zhu, a Moody’s banks analyst, referring to the top-tier banks.

Their results will also be underpinned by the diversity “in their asset base source of income,” he added.

By the end of the June quarter, the nonperforming loan ratio for the banking sector reached 1.86 percent, data from the China Insurance and Banking Regulatory Commission shows. This was the highest since 2009.

(SD-Agencies)

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