Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time:2024-05-07 21:49:46
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
Putin is starting his 5th term as president, more in control of Russia than ever
Vladimir Putin begins his fifth term as Russian president in an opulent Kremlin inauguration Tuesday2024-05-07Dylan Cozens scores 2 goals as Sabres beat Lightning 4
TAMPA, Fla. (AP) — Dylan Cozens scored twice and the Buffalo Sabres concluded another disappointing2024-05-07German chancellor arrives in SW China
Federal Chancellor of Germany Olaf Scholz arrived in Chongqing Municipality on Sunday to kick off hi2024-05-07The marathon task of trying America's most famous man: Trump 'smirked' as he became the first ex
The first trial of a former U.S. president began not with fireworks, angry polemic or theatrics. It2024-05-07Rihanna shows off her bold pink hair as she supports baby daddy A$AP Rocky at Puma pop
Rihanna continued to show off her voluminous pink mane as she supported baby daddy A$AP Rocky on Sat2024-05-07Biden warns Netanyahu future US support for Israel depends on steps to protect civilians
U.S. President Joe Biden is pictured during an event at the White House in Washington, D.C., the Uni2024-05-07
atest comment