Chinese banks lost more than RMB1 trillion of deposits in 1st two weeks of April
20 April, 2012, 10:23. Posted by Zarathustra
Tags: Banks
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.
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.