Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time：2024-05-07 23:29:45 Source：Planet Perspective 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：José Ramírez breaks Larry Doby’s team record for go
- Next：Lidia Bastianich, Melody Thomas Scott and Ed Scott to receive Daytime Emmys lifetime achievement
Related articles
- Arsenal needs a favor from Tottenham in the title race. Current form suggests it won't happen
- Father, 65, earns £85,000
- Panicked pro
- Parma secures promotion back into Serie A after 3 seasons in Italy's second division
- Madonna performs to a record
- Expanding clergy sexual abuse probe targets New Orleans Catholic church leaders
- Fury as shocking footage shows inside the trashed Columbia University hall that was occupied by pro
- Huge change to NHS prescriptions kicks in today as pharmacists warn of a 'dark day' for patients
- Former Alabama star player, athletic director Hootie Ingram dies at age 90
- Parma secures promotion back into Serie A after 3 seasons in Italy's second division
- Polish prosecutors open investigation after judge flees to autocratic Belarus
- St. Louis school district will pay families to drive kids to school amid bus driver shortage
- Mexican volunteer searchers say they've found a clandestine crematorium in Mexico City
- Mexican volunteer searchers say they've found a clandestine crematorium in Mexico City
- Details of UK military personnel exposed in huge payroll data breach
- Expanding clergy sexual abuse probe targets New Orleans Catholic church leaders
- Indonesia’s Ruang volcano spews more hot clouds after eruption forces closure of schools, airports
- Stock market today: Global stocks are mixed after Wall St tumble. Most markets close for holiday
- Nutrition experts add traffic light health labels to famous food paintings
- I surrender! French D
Random recommendation
A Florida sheriff says 10 people were wounded by gunfire after a fight broke out at a party venueKawhi Leonard ruled out with knee issue as Clippers face Mavs in Game 4California Disney characters are unionizing decades after Florida peersGladbach, Union Berlin draw 0Experts caution against underestimating 'indolent tumors'Erick Fedde stars as White Sox sweep Rays with 4Chicago White Sox promote rightOne Extraordinary Photo: AP photographer uses remote camera to make soaring NBA shotBritain's Got Talent air guitarist Sven Smith stuns judges as he narrowly avoids XBritain's Got Talent air guitarist Sven Smith stuns judges as he narrowly avoids X
- Copyright © 2024 Powered by Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1 ,Planet Perspective news portal sitemap