Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time:2024-05-07 21:26:08
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
Toronto treads lightly, choosing 4th
Having the option of choosing their playoff opponent wasn’t taken lightly by the staff and players o2024-05-07Two suspects arrested in fatal shooting on Delaware college campus are not students, police say
DOVER, Del. (AP) — Two suspects arrested in a fatal shooting on the Delaware State University campus2024-05-07Sports betting roundup: Betting the under works in hockey Game 7s while basketball goes over
With the NBA and NHL playoffs in full swing, betting the under in hockey paid off this weekend at Be2024-05-07Wisconsin judge dismisses lawsuit challenging state's new wolf management plan
MADISON, Wis. (AP) — A lawsuit filed by animal welfare advocates seeking to invalidate Wisconsin’s n2024-05-07Merlier wins Giro Stage 3 after Pogacar fires up finale and stays in the lead
FOSSANO, Italy (AP) — Belgian rider Tim Merlier won the third stage of the Giro d’Italia after race2024-05-07Dodgers place Kelly on injured list. Buehler activated to make first start in 2 years
LOS ANGELES (AP) — Dodgers reliever Joe Kelly was placed on the 15-day injured list Monday with a ri2024-05-07
atest comment