So far, China's five major commercial banks have all disclosed their annual reports of 2016. Based on their reports, NBD has noticed that except Bank of China, the rest 4 banks all see negative revenue growth compared with last year. In the meantime, all of them have seen slowing net profit growth.

Statistics show that the annual net profit growth rate of the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications is 0.4%, 1.86%, -3.67%, 1.45% and 1.03%. Bank of China has registered negative net profits growth for the first time.

But the result is better than expected. At least, their growth rates of net profit have outperformed that of 2015, says Dong Ximiao, a researcher from Renmin University of China.

Email: tanyuhan@nbd.com.cn