Best bank: Bank of China
In a year marked by historic lending growth in China, state-owned banks have taken the lead, defying the traditional dominance of smaller banks in driving loan expansion. Among these state-owned giants, Bank of China (BoC) has emerged as a standout performer, securing its position as China’s best bank this year.
While most Chinese banks have managed to increase profits solely through the reduction of impairment losses, effectively thinning their security buffers, BoC has delivered robust financial performance.
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