Tags: Loans | China | Top | Banks

Loans From China's Top Four Banks Fall 39%

Tuesday, 02 Mar 2010 02:21 PM

 

  Comment  |
   Contact  |
  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.

  Comment  |
   Contact  |
  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:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

State Dept.'s Nuland to Newsmax: Sanctions Reined Putin In

Sunday, 21 Dec 2014 22:10 PM

Without the tough sanctions the U.S. and its allies placed on Russia last year and the faltering Russian economy, Vladim . . .

Attkisson: CDC Not Telling Public About Possible Ebola Cases

Sunday, 21 Dec 2014 23:40 PM

The government is not telling the public about all the possible cases of Ebola it is monitoring in the United States, sa . . .

Atlanta US Attorney Yates Tapped for Deputy AG

Sunday, 21 Dec 2014 17:46 PM

President Barack Obama is preparing to nominate the top federal prosecutor in Atlanta to the No. 2 position at the Justi . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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