Global Banking Directory 2.0
Press Release Distribution Service
Add Bank | Banking Forum Online
BankDEP Crypto Bank
BanksDaily on Twitter BanksDaily on LinkedIn BanksDaily on Instagram

Financial and Banking News

Mainland banks boost assets 20 percent

Mainland banks increased their overall assets by 20 percent last year with midsized joint-stock institutions leading the sector, according to China Banking Regulatory Commission data released yesterday.

The pan-sector bad-loan ratio stood at 6.17 percent at the end of 2007, an improvement from 6.63 percent at the end of the first quarter.

The largest five state-owned banks - Industrial and Commercial Bank of China (ICBC), Bank of China, China Construction Bank, Bank of Communications and Agricultural Bank of China - held 1.11 trillion yuan (HK$1.205 trillion) of bad loans at the end of 2007, representing 8.1 percent of total advances. Ten midsized lenders collectively held 86 billion yuan in nonperforming loans, or 2.2 percent of their total lending. Overall asset growth in 2007 amounted to 52.6 trillion yuan on the back of a rosy economic outlook. Total liabilities expanded by 18.8 percent to 49.56 trillion yuan.

Joint-stock commercial banks such as CITIC Bank, Merchants Bank, Everbright Bank, Guangdong Development Bank and Shenzhen Development Bank outperformed their larger state-owned peers with an average asset growth rate of 33.2 percent. Their combined assets represent 13.8 percent of banking sector market capitalization. The big five grew assets by 15.6 percent and saw their market share decline to 53.2 percent. At the end of the first quarter it stood at 55.2 percent.

Source: The Standard
Date: 14.02.2008 [166]
Get your content published on in just a few clicks.

Financial and Banking News
 Post-Pandemic Economic Recovery: Key Factors Driving Growth and Stability

The COVID-19 pandemic caused a global economic halt, resulting in disruption, job losses, and uncertainty. However, as vaccination efforts progress and countries adjust to the new normal, there is hope for an economic recovery.

 Wiki Finance Expo Sydney 2023 Is Coming Soon!

Regulation, Forex, Crypto, Web 3.0, Metaverse, AI, ESG Will Be in Focus. Taking place on November 16th, Wiki Finance Expo, Sydney 2023 is Aussie largest and most anticipated fintech event of the year. 30.10.2023 | Source: WikiExpo

 Blockchain Economy Dubai Summit 2023: Just Two Weeks Away and Buzzing with Anticipation

Dubai, UAE - The Blockchain Economy Dubai Summit is generating palpable excitement within the blockchain and crypto communities, with only two weeks remaining until the event. Scheduled for October 4-5, 2023, at the Le Meridien Dubai Hotel & Conference Center, this prestigious event gathers over 3,000 blockchain entrepreneurs, crypto enthusiasts, and industry leaders from 85 countries. 20.09.2023 | Source: Teklip

 📰 News Archive

2007-2024 © | All Banks in One Place | Privacy Policy