Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time:2024-05-08 00:32:16
BEIJING, May 1 (Xinhua) -- Agricultural Bank of China (ABC), one of the country's largest commercial 。
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
Strictly's Katya Jones, 34, shares fears over her 'maternal clock' amid busy dance schedule
Katya Jones has shared her concerns about her 'maternal clock' ticking ahead of turning 35 this mont2024-05-08Stock market today: Asian shares are mixed, taking hot US inflation data in stride
BANGKOK (AP) — Asian shares were mixed Thursday after U.S. stocks fell on worries that what had seem2024-05-08Odysseus: Moon lander tipped over at touchdown, limiting the data it's sending
CAPE CANAVERAL, Fla. (AP) — A private U.S. lunar lander tipped over at touchdown and ended up on its2024-05-08Rookie Adama Sanogo has 22 points and 20 rebounds to shatter career highs, Bulls top Wizards 129
WASHINGTON (AP) — Rookie Adama Sanogo had 22 points and 20 rebounds to shatter his career highs and2024-05-08Lara Worthington flaunts her sensational physique while enjoying a dip in skimpy bikini
Lara Worthington put on a jaw-dropping display when she took a dip beneath crystal blue waters in a2024-05-08Movie Review: Bill Nighy, Michael Ward shine in Netflix’s Homeless World Cup crowd
“ The Beautiful Game,” a new movie starring Bill Nighy and Michael Ward, is about a real internation2024-05-08
atest comment