Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1 !

Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1

Time:2024-05-08 01:22:12 source:International Iterations news portal
BEIJING, May 1 (Xinhua) -- Agricultural Bank of China (ABC), one of the country's largest commercial lenders, saw its total loans reach 23.9 trillion yuan (about 3.36 trillion U.S. dollars) by the end of March, as the bank enhanced financial support for major projects, key areas and weak links of the Chinese economy. The figure rose by 1.2 trillion yuan, or 5.5 percent from the end of 2023, according to the first-quarter financial report of the bank. As of the end of March, the lender's outstanding loans extended to the manufacturing sector exceeded 3.3 trillion yuan, increasing by 373.7 billion yuan from the end of last year. The balance of loans to support emerging strategic industries grew by more than 600 billion yuan to 2.7 trillion yuan, while the outstanding loans for green and low-carbon areas increased by 18.9 percent to 4.8 trillion yuan. In the first quarter, ABC continued its loan support for China's agricultural sector, with the balance of the bank's agriculture-related loans standing at 7.2 trillion yuan at the end of March, accounting for 30.8 percent of the total value of its domestic loans.  

(Editor:Liao Yifan)

Related information
  • Elizabeth Hurley, 58, flaunts her jaw
  • Christopher Luxon leaves Big Gay Out after heated protest
  • Armed police close Auckland street after reported kidnapping, woman injured
  • What to watch: Tales from the Loop
  • Oksana Masters overcame traumatic childhood
  • How hard is it to land an airliner in a crosswind
  • How to get around the great Easter flight rip
  • Christopher Luxon leaves Big Gay Out after heated protest
Recommended content
  • Bugging equipment found in room where Polish government was to meet
  • I do one of the world's most dangerous jobs
  • Auckland protesters hold empty plates to highlight hunger in Gaza
  • Farmers selling stock, land as 'extreme' drought dries up streams
  • Lawsuit alleges decades of child sex abuse at Illinois juvenile detention centers statewide
  • Your guide to a year in Greece: Time your trip to get the best of the country's historic sites