Big 4 banks provided 243 bln yuan of new loans in July
0 
China's four biggest banks - Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China and China Construction Bank - provided new loans of about 243 billion yuan (US$35.88 billion) in July. Loan growth slowed and met regulatory expectation, according to banking sources.
ICBC's new loans reached 73 billion yuan (US$10.78 billion) in July, totaling 600 billion yuan this year. ABC provided 63 billion yuan (US$9.3 billion) of new loans in July, bringing its total to 510 billion yuan (US$75.3 billion) for the year.
BOC's new loans in July reached 59 billion yuan (US$8.71 billion), while CCB had new loans of 48 billion yuan (US$7.09 billion). CCB's new loans total 502 billion yuan (US$74.12 billion), or about two-thirds of its quota, for the year.
China's business press carried the story above on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy.
Go to Forum >>0 Comments