Chinese G-Sibs’ credit charges hit post-Covid high
Agricultural Bank of China swings to record Q1 provision as loan-loss costs rise across country’s largest banks
Chinese global systemically important banks (G-Sibs) booked their largest credit-loss charges since the Covid-era peak in Q1 2026, as aggregate provisions for credit losses (PCLs) across the country’s five G-Sibs rose by 155 billion yuan ($22 billion) quarter on quarter to 257 billion yuan.
Agricultural Bank of China (ABC) drove the increase, swinging from a small provision release in Q4 2025 to a
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