I posted on Australian banks' bad loans earlier:Australian bank bad loan concerns ticking higher
Staying on that theme (this via Bloomberg, more at the article here)
The China Banking Regulatory Commission says the official bad-loan ratio held at 1.75% in Q2
- After almost three years of increases
But ... BMI Research, part of Fitch Group, said those official numbers are "highly understated"
- Potential for a ratio at 20 percent
- $1.9 trillion of losses
- And the PBOC will need to recapitalize banks in coming years
Oh dear, which one to believe ... the CBRC or Fitch? I'm leaning more towards Fitch ...
This is one for all the Kylie fans out there!
