Morgan Stanley-China Banks 2Q24 Wrap Earnings remained largely stable, bu...-110098773
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- led to wider revenue growth divergence, with Ningbo and Hangzhou leading, at 7-9%
- banks, at 11.7% yoy; PPOP fell 12-13% yoy at ICBC, BoCom and PAB.
- NPL to 90 overdue loan ratio reaching close to 200% at SOE banks and 155% for all
- loan loss reserves at 350% of more than 90-day overdue loans. Among banks we
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