Barclays Analysts See Stable Profit Growth at Large China Banks
The biggest lenders may post net income growth of 11 percent, compared with 13 percent in the second quarter, Hong Kong-based analysts led by May Yan wrote in a note published today. Smaller so-called joint-stock banks may see net income growth slow more steeply, to 12 percent from 24 percent, the analysts wrote.
Net interest margins, which measure lending profitability, have narrowed at Chinese lenders and credit costs have risen since the government cut interest rates and changed the way banks price loans and deposits in the third quarter.
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