Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time:2024-05-08 00:25:56
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
James Corden appears in good spirits as he arrives with glamorous wife Julia Carey at the pre
James Corden and wife Julia Carey dressed to impress as they attended the pre-Met Gala dinner at Ann2024-05-08Chinese premier delivers keynote speech at China Development Forum 2024
Chinese Premier Li Qiang attends the opening ceremony of the China Development Forum 2024 and delive2024-05-08Kirill Kaprizov helps Wild end Kings' eight
LOS ANGELES (AP) — Kirill Kaprizov had a goal and an assist, and the Minnesota Wild beat Los Angeles2024-05-08Bernd Hölzenbein, World Cup winner with West Germany in 1974, dies at 78
FRANKFURT, Germany (AP) — Bernd Hölzenbein, who won a crucial penalty in West Germany’s victory over2024-05-08These 15 AP photos capturing migrants' struggle were honored with a Pulitzer Prize
NEW YORK (AP) — The images, captured by Associated Press photographers throughout 2023 and recognize2024-05-082024 Pudong Festival of Culture & Art opens next week
The 2024 Pudong Festival of Culture & Art will kick off on April 18, which marks the 34th annive2024-05-08
atest comment