Bank cards issued gain nearly 21%
Source: Xinhua |
August 21, 2012, Tuesday
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Print Edition
Print Edition
CHINA issued 3.23 billion bank cards as of the end of the second quarter, up an annual 20.6 percent, the central bank said yesterday.
The growth rate was 2.6 percentage points higher than that registered during the same period last year, the People's Bank of China said in a statement on its website.
The number of bank cards grew by 3.9 percent quarterly, the statement said.
Some 302 million credit cards were issued by the end of June, up an annual 17.4 percent and by 4 percent from the end of March, the statement said.
Credit card loans that were over six months overdue rose 10.2 percent quarterly to 13.27 billion yuan (US$2.11 billion) by the end of the second quarter, accounting for 1.5 percent of total credit loans outstanding, the statement said.
The growth rate was 2.6 percentage points higher than that registered during the same period last year, the People's Bank of China said in a statement on its website.
The number of bank cards grew by 3.9 percent quarterly, the statement said.
Some 302 million credit cards were issued by the end of June, up an annual 17.4 percent and by 4 percent from the end of March, the statement said.
Credit card loans that were over six months overdue rose 10.2 percent quarterly to 13.27 billion yuan (US$2.11 billion) by the end of the second quarter, accounting for 1.5 percent of total credit loans outstanding, the statement said.
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