19 July 2019

Big four February new loans hit 280 bln yuan, paper says

China’s big four state-owned banks — Industrial & Commercial Bank of China Ltd. (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) — issued about 280 billion yuan (US$45.55 billion) in combined new loans in February, Shanghai Securities News reported Tuesday, citing an unnamed source. No comparative figures were given. Deposits in the four banks rose about 610 billion in the month. New loans by commercial banks as a whole were estimated at 710 billion yuan, up 14.3 percent from a year earlier but unchanged from the previous month, the report said, citing Bank of Communications Co. Ltd. (03328.HK, 601328.CN).

– Contact HKEJ at [email protected]



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