Struggles of China's Big Banks Amid Marginal Profit Increases

Struggles of China's Big Banks Amid Marginal Profit Increases

By
Huan Liangpei
1 min read

China's largest state-owned bank posted scant gains in earnings for last year as margins weakened. Net income at Agricultural Bank of China Ltd. grew 3.9% to 269.36 billion yuan ($37.3 billion), while Bank of China Ltd. reported earnings rose 2.4% to 231.9 billion yuan. The banks are facing challenges in supporting the economy and real estate sector.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines. The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings