Big 4 banks rev up lending
By Lilith Hu |
August 21, 2012, Tuesday
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Print Edition
Print Edition
CHINA'S four biggest banks extended 70 billion yuan (US$11 billion) in new loans in the first half of August, up from 50 billion yuan a month earlier, on a pickup in the property market.
Although the big-four banks - the Industrial and Commercial Bank of China, China Construction Bank, the Bank of China and the Agricultural Bank of China - revved up lending in the past three months, it did not necessarily indicate that other lenders were also lending at an quicker pace, Shanghai Securities News said yesterday, citing unidentified sources.
Although the big-four banks - the Industrial and Commercial Bank of China, China Construction Bank, the Bank of China and the Agricultural Bank of China - revved up lending in the past three months, it did not necessarily indicate that other lenders were also lending at an quicker pace, Shanghai Securities News said yesterday, citing unidentified sources.
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