Pursuits
Biggest China Banks' Bad-Loan Problem May Finally Be Easing
- ICBC, largest rivals eased up on loan provisions last year
- Construction Bank, Agbank reported lower bad-debt ratios
Assessing the Health of Chinese Banks
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The bad-loan challenge for China’s biggest banks, which worsened steadily over much of the first half of the decade, may finally be easing.
Earnings reports this week from Industrial & Commercial Bank of China Ltd., China Construction Bank Corp. and Agricultural Bank of China Ltd. showed that their provisions for losses on bad loans stabilized last year, helping them to post higher-than-estimated profits.