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Article: BRIEFING - ASIA BANKING - DEC 29, 2008.

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AsiaPulse News
Article date:
December 29, 2008
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An executive briefing on banking for Dec 29, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

PROFITS OF CHINESE BANKING SECTOR FORECAST TO SLOW IN 2009

BEIJING - The growth of profits of China's banking sector is expected to slow down in 2009, according to Ma Weihua, president of China Merchants Bank.

Ma attributed the slowdown to the increasing non-performing loans and narrowing profit margins in China's banking sector caused by the global financial crisis and domestic interest rate cuts.

SHANGHAI BANK LAUNCHES LOANS FOR M&A ...

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