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China's largest banks record fastest growth in four years

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rocky
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China's largest banks record fastest growth in four years

Post by rocky on Sat 28 Apr 2018, 10:37 am


China's largest banks record fastest growth in four years

14:21 - 28/04/2018
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Information / Baghdad ..
China's five largest state-owned banks posted the fastest four-year growth in net profit for the first quarter, while its poor debt ratio remained stable.
China's Agricultural Bank said its net profit rose 5.43 percent in the first quarter, while Industrial and Commercial Bank of China, the country's largest bank, said its net profit grew 4 percent in the same period.
China's Construction Bank (CCB) said its net profit also recorded the fastest growth in the first quarter in four years, while Bank of Communications recorded a 4 percent increase in first-quarter net profit, while Bank of China increased 5 percent.
The ratio of bad loans in Commercial Bank of China, Agricultural Bank and Bank of China fell slightly in the first quarter, while stabilized in Construction Bank and Bank of Communications. Ending / 25 g


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