Analysis of China’s Top 10 Listed Banks Results for the 3rd Quarter of 2012
This newsletter presents the financial results and operating performance of the Top 10 Listed Banks in the 3rd quarter of 2012. As at the end of September 2012, total assets and profits of the Top 10 Listed Banks account for 78% of China’s commercial banking sector.
Domestic banking industry is experiencing the pressure from China’s complex and constantly changing macro environment this year. The Top 10 Listed Banks achieved a net profit of RMB764.79 billion in the first three quarters and a year-on-year increase of 16.42%, relatively stable compared with the growth rate of 16.91% during the first half of this year.
While net profits growth of the five largest commercial banks remain stable, five joint-stock commercial banks saw have a further slow down in growth rate. Credit assets quality continued to be the market concerns since the first half of the year.
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