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RE: LeoThread 2025-05-08 06:11

in LeoFinance5 months ago

Part 2/8:

The financial stresses impacting smaller banks extend to larger institutions as well. The six major state-owned banks—Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, and Bank of Communications—recently reported a stark decline in revenue for the first quarter of 2025. Collectively, they recorded a revenue drop of approximately 910.2 billion yuan, down 13.9 billion yuan year-on-year.