Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time：2024-05-08 00:23:15 Source：Worldly Weaves 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：Maternal deaths have fallen to pre
- Next：Liz Hurley's nephew
Related articles
- Biden speaks with Netanyahu as Israelis appear closer to major Rafah offensive
- Outfielder Tommy Pham returns to major leagues with the MLB
- Woman pleads guilty to being accessory in fatal freeway shooting of 6
- China urges EU to create non
- Police break up pro
- Four months after being fired by Atlanta, Arthur Smith is hitting the reset button in Pittsburgh
- Former Virginia hospital medical director acquitted of sexually abusing ex
- Shocking moment father and son brawl with middle
- Justin Steele returns from hamstring injury as Cubs take on Padres
- Shirley MacLaine celebrates her landmark 90th birthday with low
- Relegation
- Korey Cunningham, a former NFL lineman, found dead in his New Jersey home. He was 28
- Brent Rooker hits a go
- Jelly Roll is seen in good
- Moyes leaving West Ham at the end of the season. Lopetegui linked as the replacement
- Mississippi lawmakers consider new school funding formula
- Woman pleads guilty to being accessory in fatal freeway shooting of 6
- Uzbekistan knocks out titleholder Saudi Arabia in Under
- Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
- Leicester promoted back to English Premier League
Random recommendation
Guilin Makes Outdoor Sports New Name Card for TourismRepresentatives from over 130 Countries to Attend 3rd Belt and Road Forum for Int'l CooperationChina Takes 13th Consecutive Team Title in Women's Gymnastics at AsiadBeijing Has One Museum for Every 100,000 PeopleAcross China: Young Chinese Couples Go Retro, Announcing Marriages in NewspapersQilou Compound in S China's Haikou Turns into Major Tourist AttractionChina Celebrates National Day with Jubilation and HopeYoung Chinese Adopt Intelligent Tech for Agricultural ProductionNW China's Zhaosu County Enters Peak Tourism Season in SummerAsian Games Torch Relay Highlights Dreams in Shaoxing
- Copyright © 2024 Powered by Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1 ,Worldly Weaves news portal sitemap