Profit growth in the banking sector in China 2012-2021
In 2021, the profit growth of the banking sector in China was 13 percent. After the outbreak of COVID-19, Chinese banks faced an increase in non-performing loans. The write-off amount of NPL increased by over one trillion yuan in 2020 compared to the previous year. At the beginning of the 2010s, banks were able to generate profits of almost 20 percent. The stock market turbulence in 2015 dampened the development. However, over the past years, the profits of the banking sectors began to increase again.
