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S&P: Pandemic Impacts on Asset Quality Need 2 Yrs to Digest, Expected to Hamper CN Banks' Profitability

S&P: Pandemic Impacts on Asset Quality Need 2 Yrs to Digest, Expected to Hamper CN Banks' Profitability

標普：流行病對資產質量的影響需要2年時間消化，預計將阻礙CN銀行的盈利能力
AAStocks ·  2021/07/28 03:24

S&P Global Ratings expressed that the profitability of Chinese banks has been undermined over two major reasons, one being the credit costs. S&P believes the negative impacts on asset quality induced by the pandemic may take two years to be digested, hence weighing on the profitability of the banks.

On the other hand, the generally stable monetary policies in China along with the unchanged LPR interest rate also contributed to the decrease of the average revenue from loan business, added S&P.

As for Hong Kong banks, S&P forecast Hong Kong’s GDP growth in this year to be 6.5% with that of next year being 2.5%, contending that the economic recovery was mainly due to the local stimulus measures as well as the economic and trading growth in China.

標普全球評級表示，中國銀行業的盈利能力受到兩個主要原因的影響，一個是信貸成本。標普認為，疫情對資產質量造成的負面影響可能需要兩年時間才能消化，從而拖累銀行的盈利能力。另一方面，標普補充稱，中國總體穩定的貨幣政策以及不變的LPR利率也導致了貸款業務平均收入的下降。至於香港的銀行，標普預測香港今年的本地生產總值增長為6.5%，明年為2.5%，認為經濟復甦主要得益於本地的刺激措施以及中國的經濟和貿易增長。

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