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:2024-05-07 22:30:28 source:Global Gateway 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
  • Relegation
  • Trump VP candidate Kristi Noem reveals she shot and killed her 14
  • Schlupp scores goal
  • Ditching the lift and taking the stairs can reduce your risk of dying by a QUARTER
  • Babar hoping paceman Rauf will regain full fitness and make an impact for Pakistan at T20 World Cup
  • 'Controlling' husband who stabbed his 19
  • Pregnant Megan McKenna puts her luxury three
  • Blood test could detect osteoarthritis in the knees eight years before it appears on X
Recommended content
  • Trump Media fires auditing firm that US regulators have charged with 'massive fraud'
  • Arizona ace Zac Gallen leaves in 6th inning against Seattle with right hamstring tightness
  • Jets defenseman Brenden Dillon heads to locker room with hand bleeding after fight following game
  • Emily In Paris star Lily Collins shares behind the scenes pictures from the make
  • Jewish leaders demand newly
  • Russia arrests another suspect in the concert hall attack that killed 144