Mainland banks expect revenue and margins to drop, survey says

The revenue and margins of the mainland banking industry are expected to fall in the next three years, according to a survey by the China Banking Association and PricewaterhouseCoopers China.

The Chinese Bankers Survey 2012, based on 850 electronic questionnaires and 25 interviews with top banking executives between April and June last year, shows that 70 per cent of bankers believe the growth rate of the industry's revenue will be lower than 20 per cent in the next three years.

via Business feed http://www.scmp.com/business/banking-finance/article/1122443/mainland-banks-expect-revenue-and-margins-drop-survey-says