Operating income, primarily interest income and fees, climbed 0.3 per cent to 258 billion yuan from 257.3 billion the previous year. The lender is distributing 27.8 billion yuan in dividends …
China’s largest state-owned banks are lowering their deposit rates for the third time in 2023, in their latest effort to ease the pressure on their net interest margins (NIM) and …
Chinese banks will continue to grapple with interest margin pressures in the fourth quarter of 2023, analysts said, after the sector reported lacklustre earnings in the nine months ended September …