Date
24 April 2018

Big 4 banks’ September new loans hit 276 bln yuan, paper says

China’s top four state-owned banks granted about 276 billion yuan (US$45.08 billion) of new loans in September, more than expected by the market, Shanghai Securities News reported Wednesday, citing a source with knowledge of the matter. New loans rose to 56 billion yuan during the last week of the month, higher than the same period in June and August. Overall, new loans by all Chinese banks likely reached 840 billion yuan in September while deposits are expected to have increased by 1.4 trillion yuan, the report said.

– Contact HKEJ at [email protected]

TL/AC/RA

 

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