Banks face slower profit growth
Updated: 2013-07-31 17:21
By WU YIYAO in Shanghai (chinadaily.com.cn)
Net profit growth for lenders may slow this year, according to a report by China Banking Association on Tuesday.
The report said lenders listed in the A-share market may see net profit growth drop to 8 percent year-on-year.
Lenders face increasing risks while net profit shrinks amid slowing economic growth, and they may face greater pressure in the next few years, the report said.
Commercial banks need to restructure their assets and liabilities, the report said.