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Banks hit by bad loan provisions

By Yang Zhen | 皇冠体育app Daily | Updated: 2009-04-28 08:19

Banks hit by bad loan provisions

An ICBC booth at the 2008 Money Fair International Exposition in Shanghai. Jing Wei

Increased provisioning for bad loans at the urging of the regulator and narrowing interest margins have hurt the profitability of major Chinese banks during the first quarter of this year.

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