Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Time:2024-05-07 22:40:19 Source:businessViews(143)
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)
share to:
Kind tips:The above content and pictures are compiled from the Internet and are for reference only. I hope they will be helpful to you! If there is any infringement, please contact us to delete it.!
You may also like
- Virtual humans helping spur e
- Strictly's Katya Jones, 34, shares fears over her 'maternal clock' amid busy dance schedule
- Radek Faksa scores in return, Stars oust defending Stanley Cup champ Golden Knights 2
- Turkey formally opens another former Byzantine
- Travis Kelce parties at star
- Revealed: Bernard Hill's touching seven
- After Barstool Sports sponsorship fizzles, Snoop Dogg brand is attached to Arizona Bowl, fo shizzle
- North Dakota state rep found guilty of misdemeanor charge tied to budget votes and building
- Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits