New RMB bank loans rise 13% in first
quarter
Home >> New RMB bank loans rise 13% in first
quarter
May 8, 2007
China reported a 13 percent rise in newly-added Renminbi bank
loans in the first quarter of this year despite latest measures
to curb loans growth, according to the People's Bank of China,
or central bank.
The country newly added 1.42 trillion yuan (184 billion U.S. dollars)
of Renminbi bank loans, an increase of 167.8 billion yuan from
the same period last year, the bank said in a report released
on Thursday.
The outstanding loans of all financial institutions jumped 16.25
percent to 23.96 trillion yuan (3.1 trillion U.S. dollars) at
the end of March, 1.52 percentage point higher from the same period
last year, according to the report.
The bank noted that a total 441.7 billion yuan of RMB bank loans
were added in March, an decrease of 95.8 billion yuan from last
March.
|
