Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time：2024-05-08 00:48:00 Source：World Window 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：Queen Mary admits she's 'overwhelmed' in her new role
- Next：US and Philippine forces stage combat drills near strategic channel off southern Taiwan
Related articles
- This is the surprising risk of Ozempic NO ONE talks about
- Fireworks light up sky over Eiffel Tower to celebrate Bastille Day
- Third CIIE to create new opportunities for common development
- Comicomment丨Ocean in sorrow: influx of nuclear
- Second juror in New Hampshire youth center abuse trial explains verdict, says state misinterpreted
- China completes first deep
- 1st batch of CanSino COVID
- Interview: IMF official warns lack of vaccination in low
- Relegation
- China's second domestically
- Can yogurt reduce the risk of Type 2 diabetes?
- Mayor of S.Korean capital Seoul found dead
- Egypt opens pharaonic mummies hall to visitors at new museum in Cairo
- Expert warns return to lockdown conditions a possibility in B.C., Canada
- Tom Brady fans in hysterics over Netflix Roast as they hail the quarterback's jokes a 10/10
- China completes first deep
- Dutch PM meets with Spanish counterpart in the Netherlands
- China, Africa push for healthier communities
- Guardians place AL
- Sri Lanka receives batch of China's Sinopharm vaccines
Random recommendation
Laos eyes influx of Chinese touristsKMT delegation holds talks with representatives of Taiwan businesspeople, youths on mainlandBeijing warns of heavy catkin season on wayWu Lei brace sees China cruise past SingaporeDortmund win sixCangzhou edge Chengdu for first win of seasonQuanjude opens new store in Beijing's WangfujingIOC launches innovative Paris 2024 mobile gameFlights and passengers to Harbin hit a record highMagnificent view of Three Gorges on Yangtze River
- Copyright © 2024 Powered by Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1 ,World Window news portal sitemap