Chinese banks’ bad loans may spike by up to $1.1 trln due to virus hit – S&P Global
China’s banking sector may face
a surge of up to 7.7 trillion yuan ($1.10 trillion) of
non-performing loans (NPLs) in 2020 if the coronavirus outbreak
doesn’t peak until April, credit agency S&P Global estimated on
Thursday.
a surge of up to 7.7 trillion yuan ($1.10 trillion) of
non-performing loans (NPLs) in 2020 if the coronavirus outbreak
doesn’t peak until April, credit agency S&P Global estimated on
Thursday.
Posted by Reuters
