(Bloomberg) -- Profit growth at Citigroup Inc., ABN
Amro Holding NV and other foreign banks in China tripled this
year after they were allowed to offer local-currency services, a
central bank report said.
Overseas banks earned a combined 3.05 billion yuan ($401
million) in the first five months, up 43 percent from a year
earlier, the People's Bank of China said in a research report
published by China Securities Journal. Profit growth accelerated
from an average 14 percent over the past five years.
Read more at Bloomberg Currencies News
Amro Holding NV and other foreign banks in China tripled this
year after they were allowed to offer local-currency services, a
central bank report said.
Overseas banks earned a combined 3.05 billion yuan ($401
million) in the first five months, up 43 percent from a year
earlier, the People's Bank of China said in a research report
published by China Securities Journal. Profit growth accelerated
from an average 14 percent over the past five years.
Read more at Bloomberg Currencies News
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