China Big 4 Banks’ New Loans Drop to Year’s Low, Caijing Says
Oct. 12 (Bloomberg) — China’s four biggest commercial banks
extended new yuan-denominated loans of about 110 billion yuan ($16
billion) in September, the lowest monthly figure in 2009, Caijing
magazine reported, citing industry data.
China Construction Bank Corp. had the highest new loans, totalling
44 billion yuan, Industrial & Commercial Bank of China Ltd. and
Agricultural Bank of China each lent about 30 billion yuan while Bank of
China Ltd.’s new yuan loans totalled around 3 billion yuan, the magazine
said, without giving a total figure for overall new lending for the month.
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