Chinese banks lost more than RMB1 trillion of deposits in 1st two weeks of April20 April, 2012, 10:23. Posted by Zarathustra
Caijing reports that sources close to the big 4 Chinese Banks (ICBC, Bank of China, China Construction Bank, and Agricultural Bank of China) suggested that the 4 banks have lost more than RMB1 trillion of deposits, while new loan is not really growing. So the hugely positive picture of above-expectation new loans for March appears to be more of a blip now. Meanwhile, net interest margin is declining.