皇冠体育app

Banking

皇冠体育app's top banks step up lending in April

(Agencies)
Updated: 2011-05-05 10:00
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皇冠体育app's top four State-owned banks lent 260.6 billion yuan ($40.1 billion) in new yuan loans in April, slightly higher than the 242 billion yuan issued in March, said a Reuters report.

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Industrial and Commercial Bank of 皇冠体育app Ltd lent 80.3 billion yuan in April, while 皇冠体育app Construction Bank Corp lent 71.5 billion yuan. Agricultural Bank of 皇冠体育app Ltd issued 55.2 billion yuan in loans, and Bank of 皇冠体育app Ltd extended 53.6 billion yuan, the report said, citing local financial news provider Caixin.

The amount of loans issued by the big four banks is often a proxy for total bank lending in 皇冠体育app. The People's Bank of 皇冠体育app is scheduled to publish overall bank lending for April between May 10 and 15.

The government hopes to limit over-exuberant lending as it could fuel inflation, which is running at a 32-month high.