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No change in lending by "big four"
By Hu Xiaocen |
September 5, 2012, Wednesday
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Print Edition
Print Edition
New lending by China's "big four" banks came in at 220 billion yuan (US$34.7 billion) in August, the same as in July with no improvement in overwhelming short-term credit, the 21st Century Business Herald reported yesterday citing unnamed sources.
The newspaper said China Development Bank lent 60 billion yuan last month, while the Bank of Communications, the nation's fifth-biggest lender, gave out 20 billion yuan in loans.
The country's "big four" banks - the Industrial and Commercial Bank of China, China Construction Bank Co, the Agricultural Bank of China and the Bank of China - normally account for 30 to 40 percent of total lending in the country.
Deposits in the "big four" banks added 280 billion yuan in August, after a huge plunge of 2 trillion yuan in July, according to the newspaper.
BOC, the fourth-biggest, said earlier it will strengthen investment in some key areas.
The newspaper said China Development Bank lent 60 billion yuan last month, while the Bank of Communications, the nation's fifth-biggest lender, gave out 20 billion yuan in loans.
The country's "big four" banks - the Industrial and Commercial Bank of China, China Construction Bank Co, the Agricultural Bank of China and the Bank of China - normally account for 30 to 40 percent of total lending in the country.
Deposits in the "big four" banks added 280 billion yuan in August, after a huge plunge of 2 trillion yuan in July, according to the newspaper.
BOC, the fourth-biggest, said earlier it will strengthen investment in some key areas.
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