China banks could face $70 bln capital shortfall -ICBC pres

BEIJING, April 13 (Reuters) - China's four largest banks could face a capital shortfall of 480 billion yuan ($70.3 billion) over the next five years, Industrial and Commercial Bank of China President Yang Kaisheng said in a newspaper commentary.

Yang said that his estimate was based on the assumption that banks maintain loan growth of 15 percent and a capital adequacy ratio of 11.5 percent, as well as net profit growth of 12 percent.

($1=6.825 Yuan)

(Reporting by Aileen Wang, Michael Wei and Simon Rabinovitch; Editing by Jonathan Hopfner)

(([e-mail]; [phone]; Reuters Messaging: [e-mail])) Keywords: CHINA BANKS/CAPITAL (If you have a query or comment on this story, send an email to [e-mail]) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.