Date
19 August 2017

CDB issued 996.8 bln yuan for urbanization in 2013, paper says

China Development Bank Corp. (CDB) issued new loans worth 996.8 billion yuan (US$164.83 billion) in 2013 for the country’s urbanization program, accounting for two-thirds of its total renminbi lending for the year, Shanghai Securities News reported Monday, citing data released by the bank. In addition, the bank issued 106 billion yuan of loans for the rehabilitation of shantytowns and more than 100 billion yuan for rail projects. After the loans, the bank’s total assets as of end-2013 were worth more than 8 trillion yuan, with outstanding loans worth 7.04 trillion yuan and non-performing loan ratio of 0.48 percent, the report said, without providing comparative figures.

– Contact HKEJ [email protected]

TL/AC/CG

 

 

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