Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time：2024-05-08 03:50:01 Source：Stellar Standpoint 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）
- Previous：Overseas businessmen show confidence in Hong Kong's business environment
- Next：Spain's Prado Museum confirms rediscovery of lost Caravaggio. Painting will be unveiled May 27
Related articles
- China nurtures unicorn enterprises via sci
- China's Xi visits Pyrenees mountains, in a personal gesture by France's Macron
- No positive progress in Gaza truce talks: Hamas source
- Zendaya wows in a glamorous vintage backless dress as she attends Anna Wintour's star
- Milwaukee election leader ousted 6 months before election in presidential swing state
- Congo military releases 2 Kenya Airways staffers held for 2 weeks over cargo dispute
- Rihanna shows off her bold pink hair as she supports baby daddy A$AP Rocky at Puma pop
- Congo military releases 2 Kenya Airways staffers held for 2 weeks over cargo dispute
- Bank holiday booze
- Rihanna shows off her bold pink hair as she supports baby daddy A$AP Rocky at Puma pop
- Lando Norris enjoys a low
- Anya Taylor
- Chinese cars gain popularity in Botswana
- Jeannie Epper, 'Wonder Woman' stuntwoman, dies at 83
- Milwaukee election leader ousted 6 months before election in presidential swing state
- Australian woman denies murdering her former husband's relatives with poisonous mushroom lunch
- Woods Richardson allows 1 hit in 6 shutout innings with 8 strikeouts as Twins beat Mariners 3
- Baja California: How a beach trip turned deadly for surfers from Australia and US
- After AP's missing students investigation, children return to school
- Cyberstuck! Tesla's 'apocalypse
Random recommendation
United Airlines flight is forced to DIVERT after a dog POOPED in first class aisleAfter Berlin, Zelensky signs French security pact amid Navalny shockWe're Americans who lived in the UK for six monthsTale of the state pension underpaid for 20 YEARS: This is Money podcastElon Musk says AI has 'more positives than negatives' as he launches his own antiChina's Xi Jinping delivers unexpected speech at UN hours after US President Joe Biden speaksHow to sort your pension and Isa before the tax year ends: This is Money podcastSharp rise in rental fraud including faking payslips, as tenants seek to fight off competitionBridges across the US that suffered same fate as Francis Scott Key in BaltimoreThe perfect introduction to Wainwright's Lake District world
- Copyright © 2024 Powered by Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1 ,Stellar Standpoint news portal sitemap