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The bank’s debt in the country’s commercial real estate sector has come down to 7.7 per cent of total lending, just over half what it was two years ago, and is expected to continue downwards. Yet BEA still made significant provisions for bad loans.
“We continued efforts to improve asset quality, notably exposure to the Chinese commercial real estate sector, including both state-owned and foreign enterprises,” said co-chief executive Adrian Li in a teleconference about BEA’s financial results on Wednesday.
Another 1 per cent decrease…