Big-4 lenders get US$482b new loan quota
By Hu Xiaocen |
January 19, 2013, Saturday
|
Print Edition
Print Edition
CHINA'S big-four banks have received a combined quota of 3 trillion yuan (US$482 billion) from the central bank for new lending this year, the China Securities Journal reported yesterday.
The quota for the Industrial and Commercial Bank of China, China Construction Bank, the Agricultural Bank of China and the Bank of China, whose new loans usually account for 30-50 percent of the industry's total, will be a slight increase from last year, the newspaper said.
New loans at ICBC, the country's biggest lender, may rise 4 percent to 900 billion yuan this year. New lending at CCB will grow 11 percent to 840 billion yuan, and those at the AgBank will rise 8 percent to 700 billion yuan. BOC, the nation's biggest foreign exchange bank, got a quota of less than 500 billion yuan.
The quota for the Industrial and Commercial Bank of China, China Construction Bank, the Agricultural Bank of China and the Bank of China, whose new loans usually account for 30-50 percent of the industry's total, will be a slight increase from last year, the newspaper said.
New loans at ICBC, the country's biggest lender, may rise 4 percent to 900 billion yuan this year. New lending at CCB will grow 11 percent to 840 billion yuan, and those at the AgBank will rise 8 percent to 700 billion yuan. BOC, the nation's biggest foreign exchange bank, got a quota of less than 500 billion yuan.
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