China Construction Bank's chief finance officer said on Thursday that 56% o...
FILE PHOTO: An employee walks past the logo of China Construction Bank at the bank's Dongguan branch office in Guangdong province, China July 5, 2019. REUTERS/Shu Zhang
BEIJING - China Construction Bank’s chief finance officer said on Thursday that 56% of the bank’s new loans referenced the revamped loan prime rate and it will beat a regulatory target of 30% by the end of September. China’s central bank is not likely to cut benchmark interest rate amid LPR reform, but will show moves on the medium-term lending facility rate, CFO Xu Yiming told a news conference in Beijing.
The bank’s net interest margin may fall by 1-2 basis point in the second half of this year, Xu added.Our Standards:
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