Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time：2024-05-08 05:04:01 Source：International Informer 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）
Related articles
- Lured by Rolling Stones performance, half
- Vendor that mishandled Pennsylvania virus data to pay $2.7 million in federal whistleblower case
- Georgia governor signs law requiring jailers to check immigration status of prisoners
- Ross Stripling earns his first win since 2022 as Athletics blank Pirates 4
- Australian boy killed by police was in deradicalization program since causing school explosion
- Tom Cruise, 61, is 'flattered' at being on 38
- How well do you know the Kentucky Derby? Try the AP quiz
- Small ranching community tears itself apart as newly
- The UN says there's 'full
- Twins center fielder Byron Buxton leaves game against White Sox with sore right knee
- Stock market today: Asian shares mostly gain after tech shares lead Wall St higher
- Vendor that mishandled Pennsylvania virus data to pay $2.7 million in federal whistleblower case
- Kentucky Derby Style Guide: From head
- Hollywood star Bill Murray rides the subway with fellow Cubs fans after watching Chicago's 3
- White Sox recall Mike Clevinger from Triple
- CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
- Barbra Streisand goes full diva and asks Melissa McCarthy if she is on Ozempic
- Twins rally late for 10th straight win, 10
- Strictly's Katya Jones, 34, shares fears over her 'maternal clock' amid busy dance schedule
- Mbappé leads full
Random recommendation
Verona boosts survival chances with 2Kentucky Derby victory aboard Mystik Dan provides signature win for jockey Brian Hernandez Jr.First loss shouldn't take away from Jaime Munguia's potentialMexico recovers bodies likely those of missing surfersKeith Urban shows off his bulging biceps and rockstar tattoos in a tight black TGerman teen turns himself in over attack on European election candidateVerona boosts survival chances with 2Champions League: Bayern and Dortmund could stop Mbappe's showdown with Real MadridJose Ramirez's slumpPedro's late goal seals 1
- Copyright © 2024 Powered by Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1 ,International Informer news portal sitemap