Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time：2024-05-08 05:06:19 Source：Global Glossary 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：Winnipeg Jets coach Rick Bowness is retiring after 38 NHL seasons
- Next：John Swinney expected to lead Scotland after being confirmed as Scottish National Party leader
Related articles
- It's (almost) Met Gala time. Here's how to watch...
- Scottish National Party ends 3
- Russia fines actress who hosted 'almost naked' party over her calls for peace
- Spring/summer jean trends: Seven celeb
- Powerful ethnic armed group in western Myanmar claims to capture base and hundreds of soldiers
- Taiwan's president
- Tenerife official tells Brits looking for all
- Belarus claims it prevented drone attacks from Lithuania. Vilnius rejects the allegations
- GOP secretary of state who spoke out against election denialism wins JFK Profile in Courage Award
- Belarus claims it prevented drone attacks from Lithuania. Vilnius rejects the allegations
- Aaron Taylor
- Inside the star
- China's cultural tourism embraces immersive
- Seattle Kraken move games to over
- Australian boy killed by police was in deradicalization program since causing school explosion
- Zendaya finds the Met Gala 'terrifying' as she prepares to co
- The German parliament votes for an annual veterans' day to honor military service
- García and Carter hit back
- Activists in Bangladesh march through universities to demand end to Israel
- Columbia's president, no stranger to complex challenges, walks tightrope on student protests
Random recommendation
Alaska Senate passes budget differing from House version with roughly $1,580 payments to residentsZhejiang crush Shanghai to reach CBA semisAfter Maui, Hawaii lawmakers budget funds for firefighting equipment and a state fire marshalRed Sox place Masataka Yoshida on 10Fire severely damages a Los Angeles County fire stationSting and Stephen Fry threaten to resign from the Garrick Club unless women are allowed to joinMore money is going to African climate startups, but a huge funding gap remainsBloody brawl breaks out at Massachusetts courthouse between families of 36Kwan has RBI in 10th, makes great defensive play to lead Guardians over Astros 3O'Sullivan sees off Day to reach Crucible quarters
- Copyright © 2024 Powered by Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1 ,Global Glossary news portal sitemap