Chinese Banks' Credit Card Delinquencies Rise in H1

MT Newswires Live

2024/10/07

Thirteen out of 16 listed banks in China reported higher credit card delinquency rates in the first half of 2024, The Standard reported Oct. 7.

Industrial and Commercial Bank of China (HKG:1398) reported credit card delinquency rates of more than 3%, while Bank of Communications (HKG:3328) reported a credit card non-performing loan ratio of more than 2%, according to the report.

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