China banks' profit is better than expected.China Construction Bank, the nation’s No. 2 lender by market value, had second-quarter net income of 29.55 billion yuan ($4.33 billion), according to calculations by Bloomberg derived by subtracting first-quarter results from first-half numbers reported yesterday. That compares to the 27.2 billion yuan average estimate of eight analysts surveyed by Bloomberg.
ICBC, the world’s largest bank by market value, on Aug. 20 posted second-quarter profit that beat analyst estimates on credit growth and lower provisions for bad loans. Bank of Communications Ltd., China’s fourth-largest publicly traded lender, reported second-quarter profit on Aug. 19 that beat analyst estimates as outstanding loans jumped 31 percent.
|
Set as favorite
Bookmark
Email this
Hits: 1105
Comments (0)
Subscribe to this comment's feed
Write comment
Show/hide comment form
Newer news items:
- 03/12/2009 13:27 - Check your credit report periodically for errors to Dispute Credit Report Information
- 03/12/2009 13:24 - Get free credit reports online by phone
- 03/12/2009 13:21 - How to stop using credit cards and starting to drown in your debt
- 03/12/2009 13:16 - Ten best tips improving your credit card score
- 20/10/2009 06:33 - Consumer-friendly credit cards from community banks and credit unions during the recession Pentagon Federal Credit Union's Visa Platinum Rewards card
Older news items:
- 16/07/2009 01:01 - China GDP growth is 7.1% in the first half of 2009 according to an Authoritative source
- 12/07/2009 14:48 - Obama and Treasury Secretary said a second stimulus plan is not needed this year
- 09/07/2009 06:49 - Significant risks remain to economic and financial stability in a G8 leaders's joint statement
- 07/07/2009 01:00 - Alipay ZhiFuBao user numbers exceeded 200 million to become world's largest online payment platform
- 26/06/2009 07:19 - Seriously concerned about China censorship Does the U.S. have ulterior motives
