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S&P maintains stable outlook for China banks
By Hu Xiaocen |
March 13, 2012, Tuesday
|
Online Edition
Online Edition
STANDARD & Poor's maintained a stable outlook yesterday for China's big 5 banks in 2012. Although the Chinese lenders' profitability could dip on rising credit losses and softening lending rates, the financial performance was expected to stay healthy, said the rating agency in the report.
Besides the policy-induced liquidity crunch being the key risk to the credit downturn, other risk factors include domestic economic slowdown, persistent controls on the property market, sizable local government debt, and the deepening European debt crisis, according to the report.
S&P projected a drop in China's loan growth to 12 to 14 percent in 2012 from 2011's 15.7 percent, because of moderate deposit growth and stringently regulated loans-to-deposits ratio of 75 percent for the lenders.
New loans in February is expected to drop below January's 700 billion yuan (US$110.6 billion), reported by China Securities Journal earlier.
Besides the policy-induced liquidity crunch being the key risk to the credit downturn, other risk factors include domestic economic slowdown, persistent controls on the property market, sizable local government debt, and the deepening European debt crisis, according to the report.
S&P projected a drop in China's loan growth to 12 to 14 percent in 2012 from 2011's 15.7 percent, because of moderate deposit growth and stringently regulated loans-to-deposits ratio of 75 percent for the lenders.
New loans in February is expected to drop below January's 700 billion yuan (US$110.6 billion), reported by China Securities Journal earlier.
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