Tags: Loans | China | Top | Banks

Loans From China's Top Four Banks Fall 39%

Tuesday, 02 Mar 2010 02:21 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
China's four-biggest banks made net new loans in February of about 294 billion yuan ($43.1 billion), down about 39 percent from January, banking sources said on Tuesday.

Overall bank lending in January was 1.39 trillion yuan, with the Big Four banks extending 480 billion yuan in new loans, sources previously told Reuters.

Bank of America Merrill Lynch has forecast an overall drop in February new lending to 700 billion yuan.

Sources, who spoke to Reuters on condition of anonymity, gave the following breakdown for February new lending:

• Industrial & Commercial Bank of China (ICBC), the world's biggest bank by market capital, lent 78 billion yuan.

• China Construction Bank, China's second largest lender, lent 76 billion yuan.

• Bank of China lent 58 billion yuan.

• Agricultural Bank of China had 82 billion yuan.

ICBC and CCB declined to comment. A public relations representative at the Bank of China said she was not aware of the figure. ABC could not immediately be reached for comment.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Obama Slammed for Burger Stop, Fundraisers During Crises

Tuesday, 22 Jul 2014 11:28 AM

President Barack Obama has come under fire for stopping for a cheeseburger and fries in the middle of the dual Ukrainian . . .

US Appeals Court Throws Out IRS Rule on Obamacare Subsidies

Tuesday, 22 Jul 2014 10:28 AM

A U.S. appeals court on Tuesday threw out an IRS regulation that implements key Obamacare health insurance subsidies, re . . .

Delta Cancels All Israel Flights Over Missile Fear

Tuesday, 22 Jul 2014 11:18 AM

Delta Air Lines is canceling all flights to Israel until further notice, citing reports that a rocket landed near Tel Av . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved