Strong credit demand fuels 57% rise in new syndicated loans in Shanghai
Print Edition
Shanghai’s new syndicated loans jumped 57 percent year on year between July and September on strong demand for credit in the real estate and construction sectors, while foreign banks were the second-most active lenders, the Shanghai Banking Association said in an online statement yesterday.
Lenders agreed to lend 48.8 billion yuan (US$8 billion) through syndicated loans in Shanghai during the three-month period ended on September 30. By the end of the third quarter, the outstanding syndicated loans totaled 300.4 billion yuan, up 17.4 billion yuan from the previous three months, the association said.
State-run lenders, including policy banks, agreed to lend 30.9 billion yuan in new syndicated loans in the city as they took the lion’s share. Foreign banks ranked second with 10.4 billion yuan committed.
The foreign banks’ contribution rose from 16 percent in the second quarter to 21 percent in the third quarter. The small and medium Chinese lenders saw their market share fall from 28 percent to 15 percent in the third quarter.
The Shanghai branch of the China Development Bank was top among Chinese lenders by loan amount, followed by the Bank of Communications and Shanghai Pudong Development Bank.
Japanese lender Sumitomo Mitsui Banking Co was the top foreign bank in the period, followed by Australia & New Zealand Banking Group, British lender Standard Chartered Bank and Singapore’s DBS Bank.
During the first nine months, Shanghai saw 58.6 billion yuan in total new lending of all kinds, up 19.4 billion yuan from a year ago, with more than half of the new loans going to the manufacturing sector, the Shanghai Bureau of the China Banking Regulatory Commission said in a statement yesterday.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
