Heard: The Tip of the Iceberg for China's Banks

BY TOM ORLIK

China's big state owned banks appear as unsinkable as the Titanic.

A look at the results for Bank of China, the first of the big four banks to report interim earnings, suggests it is full steam ahead. Bank of China's nonperforming loan ratio fell to 0.94% in June from 1% at the end of 2011. Its core capital adequacy ratio rose to 10.15% from 10.08%.

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Source: http://online.wsj.com/article/SB10000872396390444812704577608833470019976.html?mod=rss_about_china

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