In a Gettr video posted by the New Federal State of China (NFSC) G-Translation team shows that as of October 28th, six state-owned banks in Communist China disclosed their earnings in the first 3 quarters of 2022. The banks reported a total net profit that exceeded 1 trillion yuan, although it is a small increase from a year earlier but their profitability has decreased. Except Bank of China, the other five banks’ net interest margins had all decreased. The ratio of a bank’s net interest revenue to its average interest-earning assets, known as the net interest margin or net interest yield spread, is a crucial sign of a bank’s profitability. A low profitability indicates that the economic slump further weakened Communist China’s loans demand which forcing banks to lower mortgage rates in order to maximize the loan options. In the fourth quarter, analysts anticipate that the net interest margin of Communist China’s banks would continue to decline. The following video will have more information.
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