bearish

China Merchants Bank - New Results: Property Dev. NPLs at 5.5% from 4.1%...  25% Lower Credit Costs

344 Views28 Aug 2023 14:48
CMB shows surging property development NPLs, and overdue loans by 1-3 years, which is completely at odds with its 25% lower provision expenses in 1H23 YoY - without which profit would not have grown.
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Daniel Tabbush
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