Property News · December 22, 2023

China’s biggest banks lower deposit rates for third time in 2023 with eye on improving profitability


China’s largest state-owned banks are lowering their deposit rates for the third time in 2023, in their latest effort to ease the pressure on their net interest margins and to improve profitability.

Source : South China Morning Post
Read more…China’s biggest banks lower deposit rates for third time in 2023 with eye on improving profitability