Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time:2024-05-07 20:53:33
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
Tampa Bay Rays reinstate outfielder Josh Lowe from the 10
ST. PETERSBURG, Fla. (AP) — The Tampa Bay Rays reinstated outfielder Josh Lowe from the 10-day injur2024-05-07Queen Mary of Denmark shares sweet portrait of daughter Princess Isabella
Queen Mary of Denmark has shared heartwarming pictures of her daughter Princess Isabella to mark he2024-05-07- PARIS (AP) — Monaco won 2-0 at rival Brest to move up to second place in the French league behind Pa2024-05-07
Billy Horschel goes to Dominican Republic. He returns a PGA Tour winner again
PUNTA CANA, Dominican Republic (AP) — Billy Horschel went to the Dominican Republic for the first ti2024-05-07Moyes leaving West Ham at the end of the season. Lopetegui linked as the replacement
LONDON (AP) — David Moyes will leave his role as West Ham manager when his contract expires at the e2024-05-07- ST. LOUIS (AP) — Owen Miller broke a scoreless tie with a two-run single and Colin Rea tossed five s2024-05-07
atest comment