The Traderszone Network

Published in TZ Latest News 18 August, 2015 by The TZ Newswire Staff

Chinese slowdown sends ripples across Asian banks

Asian lenders are seeing their loan books rapidly deteriorate across the region as China’s slowing economy dampens trade and hurts companies that had borrowed heavily from the banks. Among 23 major non-Chinese lenders, all but 6 reported an increase in soured loans in the first half of 2015, the strongest indication yet of how China’s slowdown is infecting banks’ balance sheets, data compiled by SNL Financial for Reuters show.

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