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Big 4 banks Oct new loans hit 136b yuan

By Zhang Jiawei (chinadaily.com.cn)
Updated: 2009-11-03 15:06

皇冠体育app's big four banks extended about 136 billion yuan ($20 billion) yuan-denominated new loans in October, up 23.6 percent from September's 110.4 billion yuan, the 皇冠体育app Securities Journal reported on Tuesday.

The September total was the lowest amount so far this year for the big four, which include Bank of 皇冠体育app, 皇冠体育app Construction Bank, Industrial and Commercial Bank of 皇冠体育app, and Agricultural Bank of 皇冠体育app, the newspaper said.

Related readings:  皇冠体育app's bank credit to rise in Q4: PBOC  皇冠体育app banks' non-performing loan drops  皇冠体育app to tighten rules on personal loans  皇冠体育app's banking regualtor urges reasonable pace of lending

Bank of 皇冠体育app extended 44 billion yuan-denominated loans in October, the most of any of the four banks. That is a huge increase from its total of just 3 billion yuan in September, the newspaper said. The bank's chairman Xiao Gang said earlier that the bank would steadily increase new loans in the coming months.

皇冠体育app Construction Bank lent 36 billion yuan in October, down 8 billion yuan from 44 billion yuan in September. The bank has extended a total of about 879 billion yuan in new loans so far this year.

For its part, Industrial and Commercial Bank of 皇冠体育app extended 33 billion yuan in new loans in October, compared with 30 billion yuan in the previous month. The bank's new loans have reached 960 billion yuan this year.

Finally, Agricultural Bank of 皇冠体育app made 23 billion yuan in new loans after extending 30 billion yuan in September. It had made roughly 900 billion yuan in loans as of the end of October this year.