China’s top banks cut PCLs by $6.9bn

- By Joshua Walker
- 18 Apr 2023

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Provisions for credit losses (PCLs) at three of China’s top lenders shrank in the last quarter of 2022, a sign the country’s macroeconomic outlook might be improving.

PCLs collectively booked by Agricultural Bank of China (ABC), Bank of China (BoC) and Industrial and Commercial Bank of China (ICBC) were 51% lower than the previous quarter and the lowest since at least Q1 2017.

!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script")[0];if(window[t]&&window[t].initialized

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net