New loans at big-4 banks miss estimates
By Hu Xiaocen |
July 5, 2013, Friday
|
Print Edition
Print Edition
CHINA'S big-four banks may have extended around 270 billion yuan (US$44 billion) in total new lending in June, equivalent to the average in the previous five months but lower than expected.
The combined new lending at the Industrial and Commercial Bank of China, China Construction Bank, the Agricultural Bank of China and the Bank of China last month may exceed 208 billion yuan in May, the Shanghai Securities News said yesterday. But it was below 370 billion yuan in January and 330 billion yuan in March.
The weaker-than-expected loan growth was also partly due to the recent cash squeeze in China's interbank market, according to the analysts.
In the first five months, the big-four lenders have extended 1.18 trillion yuan of new loans. The quartet normally account for 30-40 percent of the country's total lending.
Shenyin and Wanguo Securities has cut its estimates of China's total lending to 860 billion yuan for June from 1 trillion yuan previously.
The Bank of Communications estimated that total new lending amounted to 800 billion yuan in June. The bank cited a weak economic rebound and sluggish demand for credit from enterprises for its estimates.
The combined new lending at the Industrial and Commercial Bank of China, China Construction Bank, the Agricultural Bank of China and the Bank of China last month may exceed 208 billion yuan in May, the Shanghai Securities News said yesterday. But it was below 370 billion yuan in January and 330 billion yuan in March.
The weaker-than-expected loan growth was also partly due to the recent cash squeeze in China's interbank market, according to the analysts.
In the first five months, the big-four lenders have extended 1.18 trillion yuan of new loans. The quartet normally account for 30-40 percent of the country's total lending.
Shenyin and Wanguo Securities has cut its estimates of China's total lending to 860 billion yuan for June from 1 trillion yuan previously.
The Bank of Communications estimated that total new lending amounted to 800 billion yuan in June. The bank cited a weak economic rebound and sluggish demand for credit from enterprises for its estimates.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
