The net profit of Chinese commercial banks in 2023 is expected to be 2.4 trillion yuan. The industry is optimistic that banking industry profits will remain stable this year.
The Bank of China Research Institute pointed out that as the economy recovers, the banking industry has increased its funding guarantees. It is expected that bank performance will not fluctuate significantly this year and profit growth will remains stable. The agency judged that the current bank provision coverage ratio is at a high level, and there is still room for savings in provision costs.