Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Time:2024-05-08 01:30:06 Source:politicsViews(143)
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)
share to:
Previous:Turkey says it has carried out new airstrikes against Kurdish militants in northern Iraq
Next:Putin is starting his 5th term as president, more in control of Russia than ever
Kind tips:The above content and pictures are compiled from the Internet and are for reference only. I hope they will be helpful to you! If there is any infringement, please contact us to delete it.!
You may also like
- Neighbour leaves furious 94
- French athletes at Paris Olympics will receive better mental health protection
- Pregnant Rooney Mara dresses her baby bump in head
- Rita Ora flashes some cleavage in a scoop
- Former Alabama star player, athletic director Hootie Ingram dies at age 90
- Man United player Garnacho apologizes for liking critical posts about Ten Hag
- Pregnant Rooney Mara dresses her baby bump in head
- The Walking Dead star Tom Payne 'unexpectedly' welcomes TWINS with model wife Jennifer Akerman
- Dodgers place Kelly on injured list. Buehler activated to make first start in 2 years