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Fitch: Recent Geopolitical Conflicts Have Limited Impact on CN Banks
Recommend 39 Positive 64 Negative 39 |
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Amid the continued decline in the interest rate center, Chinese banks' NIM and profitability have continued to weaken, Fitch Ratings' Director of Financial Institutions Ratings, Asia Pacific, Vivian Xue, said. The overall operating environment of the sector and the intrinsic credit profiles of rated banks, however, are expected to remain resilient, mainly supported by their stable deposit bases and prudent asset-liability management strategies, Xue added. In light of the overall solid asset quality of Chinese banks, Fitch expects the direct impact of recent geopolitical conflicts on these banks to be relatively limited. Prudent growth preferences and proactive disposal of non-performing assets will continue to support their overall asset quality. Meanwhile, key tail risks are concentrated in the continued deterioration of credit conditions at regional small banks, as well as localized exposure to property and local government debt risks in high-risk provinces. Auto-translated by AI AASTOCKS Financial News |
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