China’s Banking Sector to See 6.8% Profit Growth, NPL’s Under 2% in 2019: BoC

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Bank of Communications has just released a new research report predicting a sound performance on the part of the Chinese banking sector in 2019.

The research report forecasts growth in net profits for the Chinese banking sector of 6.8% in 2019, as compared to a projection of 7.1% for 2018.

Risk in relation to highly leveraged real estate companies and non-compliant debt could have an adverse impact upon the asset quality of Chinese commercial banks, although BoC forecasts a non-performing loan ratio of under 2% next year, as compared to 1.9% for 2018.

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