Date
17 August 2017

Listed banks face lower interest income growth, paper says

The net interest income of listed banks is expected to slow to 10 percent and their revenue growth to 10.7 percent this year, the China Securities Journal reported Thursday, citing a report from a Bank of Communications research unit. The average non-performing loan ratio of the listed lenders is expected to rise by 0.1 to 0.2 percentage point to 1.1 percent or 1.2 percent in 2014. Banks are expected to implement a series of measures, including cutting operating costs and managing credit costs, to offset the impact of slower growth. The lenders are also likely to move more services online to advance reforms and meet the challenge from new internet banking and lending services, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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