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Ratings agency Fitch says Major Chinese Banks profits balls deep in the butthurt

 
Uncle Fuck Stick
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User ID: 70967670
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03/23/2016 10:30 PM

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Ratings agency Fitch says Major Chinese Banks profits balls deep in the butthurt
[link to mobile.shanghaidaily.com]


RATING agency Fitch said yesterday that major Chinese banks are likely to show subdued earnings growth for 2015 amid margin compression and asset depreciation.

Net profit of China’s banking sector grew only 2.4 percent in 2015, a drop from the 9.6 percent year-on-year growth recorded in 2014, data from the China Banking Regulatory Commission showed.

Fitch said the financial statements of major banks — to be released next week — will confirm the slower profit growth. It is likely to decline further this year unless the authorities relax the minimum non-performing loans’ provisional requirement of 150 percent, which is weighing on the liquidity of the banks


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Last Edited by Uncle Fuck Stick on 03/23/2016 10:30 PM
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Anonymous Coward
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03/24/2016 10:57 AM
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Re: Ratings agency Fitch says Major Chinese Banks profits balls deep in the butthurt
cruise
Anonymous Coward
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03/24/2016 11:01 AM
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Re: Ratings agency Fitch says Major Chinese Banks profits balls deep in the butthurt
You need to change your avatar back to Obama bin golfin. The current one is boring. Get with the program dude.





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