Net lending by big-4 Chinese banks almost zero
By Lilith Hu |
May 17, 2012, Thursday
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Print Edition
Print Edition
COMBINED net lending for China's four biggest banks was almost zero in the first two weeks of May, while deposits fell by about 200 billion yuan (US$31.6 billion), Shanghai Securities News reported yesterday.
Two of the big four lenders saw outstanding loans rise slightly in the two weeks ended Sunday, while the other two posted a drop in such value as repayments exceeded new credit, the newspaper said.
The big-four banks - the Industrial and Commercial Bank of China, China Construction Bank, the Agricultural Bank of China and the Bank of China - suffered a drop in deposits of about 200 billion yuan in the period, the newspaper said.
Two of the big four lenders saw outstanding loans rise slightly in the two weeks ended Sunday, while the other two posted a drop in such value as repayments exceeded new credit, the newspaper said.
The big-four banks - the Industrial and Commercial Bank of China, China Construction Bank, the Agricultural Bank of China and the Bank of China - suffered a drop in deposits of about 200 billion yuan in the period, the newspaper said.
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