Chinese bank profits detracted by bad loans

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Source: Bloomberg
Chinese leading lenders are expected to report record-high net income for a fifth straight year. Nevertheless 2011 results are likely to be overshadowed by a surge in bad loans. Industrial & Commercial Bank of China and its four largest Chinese competitors are predicted to post a 15% surge in fourth quarter net profit. However, analysts warn that non-performing loans in local banks may soar by 40% in 2012 while the bad-loan ratio of five leading nation's banks may increase from 1.1% to 1.9% in 2013.
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