Bank of Jinzhou’s Bottom Line Improves, But Bad Assets Grow

Caixin Global | Apr 3, 2020 at 5:20 PM
  • Bank of Jinzhou Co. Ltd., one of a handful of Chinese banks that has run into trouble and is now being bailed out by the government, has released unaudited annual results that show generally improving performance with a notable exception in bad loan volume.
  • Its return on assets and return on equity also improved notably, though both remain negative.
  • The company’s troubles first came to public attention last June, and now it is being bailed out in a deal that will make two government-owned entities, one controlled by the central bank, into its biggest shareholders.