Foreign banks see record profits in China

Foreign banks see record profits in China

Beijing : China | Jul 17, 2012 at 6:52 PM PDT
Source: Chinadaily
Views: Pending
Global banks posted record profits from their Chinese operations last year, with many foreign lenders expecting annual growth of about 20 percent up till 2015, according to a survey released Tuesday by PricewaterhouseCoopers. Combined net profits of 181 foreign banks more than doubled to 16.73... FULL ARTICLE AT Chinadaily
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    Foreign banks saw their profits in China double in 2011 and expect at least 20 percent annual revenue growth over the next three years despite a bleak economic outlook, a survey by PricewaterhouseCoopers said on Tuesday. A total of 181 foreign banks...

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