China commercial banks net profits grew 2.6% in H1 - regulator
Reuters2023-08-18
BEIJING, Aug 18 (Reuters) - Net profits of China's commercial banks grew 2.6% year-on-year in the first half of this year, the National Financial Regulatory Administration said in a statement on its website on Friday.
The growth rate was 4.5 percentage points lower than the same period last year, the regulator said.
Commercial banks' non-performing loan ratio was 1.62% at the end of the second quarter this year, the regulator said.
(Reporting by Ziyi Tang and Ryan Woo; Editing by Himani Sarkar)
((Ziyi.Tang@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
