27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
According to SNL data, the NPLs of the five largest banks totaled 423.49 billion Chinese yuan as of June 30, up 21% from 349.91 billion yuan as of June 30, 2013. Nonperforming loans are likely to be an ongoing challenge for Chinese banks given the rising debt levels in the manufacturing and real estate sectors.
Hong Kong (PRWEB) October 20, 2014
Announced today, SNL Financial has released a review on the NPL ratios of the largest Chinese banks. Nonperforming loans represent an ongoing challenge for major Chinese banks, given a mediocre outlook on the country's economy.
According to data compiled by SNL Financial, all the five largest Chinese banks reported an increase in their NPL ratios as of June 30 when compared to the end of 2013.
Among these banks, Industrial & Commercial Bank of China Ltd.'s NPL ratio rose to 0.99% as of June 30 from 0.94% as of Dec. 31, 2013, China Construction Bank Corp.'s NPL ratio increased to 1.04% from 0.99%, Agricultural Bank of China Ltd.'s NPL ratio increased to 1.24% from 1.22%, Bank of China Ltd.'s NPL ratio grew to 1.02% from 0.96% and Bank of Communications Co. Ltd.'s NPL ratio rose to 1.13% from 1.05%.
The NPLs of the five largest banks totaled 423.49 billion Chinese yuan as of June 30, up 21% from 349.91 billion yuan as of June 30, 2013, according to SNL data.
In response to the increase in NPL levels, Chinese banks have been taking action to avoid lending to risky borrowers. These include raising lending norms and taking a closer look at potentially problematic loans.
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For the original version on PRWeb visit: http://www.prweb.com/releases/2014/10/prweb12253851.htm
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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