19 August 2019

Big four December new loans hit 180 bln yuan, paper says

China’s big four state-owned banks — Industrial & Commercial Bank of China Ltd. (ICBC) (01398.HK, 601398.CN), Agricultural Bank of China Ltd. (01288.HK, 601288.CN), Bank of China Ltd. (03988.HK, 601988.CN) and China Construction Bank Corp. (00939.HK, 601939.CN) — granted up to 180 billion yuan (US$29.76 billion) in combined new loans during December, Shanghai Securities News reported Monday, citing an unnamed source. Deposits rose to 1.2 trillion yuan. No comparative figures were given. New loans by commercial banks were estimated at 580 billion yuan, down 45 billion yuan from a month earlier, the report said, citing Bank of Communications Co. Ltd. (03328.HK, 601328.CN). It expects new loans this year to increase between 13.6 and 13.9 percent year on year to 10 trillion yuan, the report said.

– Contact HKEJ [email protected]



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