Fitch: Chinese Banks' Earnings Unlikely to Improve in 2015

April 13, 2015 4:16 AM

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(The following statement was released by the rating agency) HONG KONG/SHANGHAI, April 13 (Fitch) Fitch Ratings says Chinese banks' 2014 results indicate their earnings remain under pressure and the agency does not expect meaningful improvement in the current year.

The banks' earnings will be challenged by deteriorating asset quality and net interest margins (NIM) that in 2015 will further feel the effects of stiff competition for deposits and on-going deregulation of deposit rates - the latter being especially true for mid-tier banks. For Fitch-rated Chinese ...

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