Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast


Slower profit growth for Chinese banks in 2013: report


08:23, December 20, 2012

BEIJING, Dec. 19 (Xinhua) -- Net profit growth for China's commercial banks will be dragged down to 7 percent to 8 percent in 2013 by possible operational difficulty, according to a research report released Wednesday.

The net profits of China's banking sector, which are estimated to grow by 17 percent in 2012, will increase at a much slower pace in the year ahead, according to the report submitted by the Financial Research Center with China's Bank of Communications.

Affected by the real economy, monetary control and increasing financial marketization that erodes commercial banks' role in financing, revenue growth in the banking sector will slide to single-digits next year, said Lian Ping, chief economist with Bank of Communications.

The overall credit environment for next year is modest but not excessively loose, and commercial banks' lending practices will be kept under control, as sharp cuts for the reserve requirement ratio remain unlikely, Lian said.

Backed by possible growing credit demand, next year's new yuan-dominated lending is expected to exceed 9 trillion yuan (1.4 trillion U.S. dollars), the report forecast.

The report also forecast that social financing, a measure of funds raised by entities in the real economy, will surpass 16.5 trillion yuan in 2013.

We recommend:

'Boeing Dreamliner riddled with errors

The spending of China's rich

China to open world's longest high-speed railway

Christmas Wedding Expo closes in Hong Kong

Harbin-Dalian high-speed railway starts operation

New wave of communication tools

Alibaba's 2012 transaction volume hits 1 trln yuan

China's savings rate world's highest

IPhone 5 goes on sale in China


Leave your comment0 comments

  1. Name


Selections for you

  1. PLA marines in armed parachute training

  2. Chinese navy ships visit Sydney, Australia

  3. S.Korean presidential election: She or He

  4. Sex case leads to warnings about apps

  5. Attentions to 'left-behind children'

  6. Large cities see home prices rise

  7. China launches TCM resource center

  8. People walk in snow in Qingdao

Most Popular


  1. Lifting US' veil of 'peace defender'
  2. Be wary of 'peepers' in mobile phones
  3. Only local players represent future of CBA
  4. Abe 'must change' to build ties
  5. Gloomy markets defy expected growth
  6. Don't let Chinese characters be a world heritage
  7. Behind annual Chinese Writers Rich List
  8. China firms 'don't communicate enough'
  9. Who can free Chinese couples from baby tangle?
  10. No easy path in sight for China's economic future

What’s happening in China

Sex case leads to warnings about apps on smartphones

  1. China temperatures to plunge
  2. China fulfills annual employment targets early
  3. Experts warn against social conflicts in China
  4. Laws imperative to curb Internet irregularities
  5. Urban residents feel high economic pressure