Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time：2024-05-07 20:28:37 Source：International Idiom 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：Talor Gooch of LIV Golf gets a special invitation to the PGA Championship
- Next：Biden speaks with Netanyahu as Israelis appear closer to major Rafah offensive
Related articles
- Dunkin' Donuts employee reveals the biggest pet peeves she has against drive
- Hong Kong Palace Museum Holds Opening Ceremony
- Farmers Reap Winter Wheat in Gaomiaoli Village, East China's Shandong
- Ethnic Festival 'Liuyueliu' Celebrated in SW China's Guizhou
- Amanda Holden, 53, sends pulses racing in a skimpy black bikini during lavish yacht trip in sun
- China Honors Shenzhou
- China Unveils Shenzhou
- China's Sci
- What we learned from local votes ahead of looming UK general election
- China Strengthens Efforts to Protect Asian Elephants
- Former cruise ship worker reveals the six things she would NEVER do on board
- About 50,000 Sit for Delayed College Entrance Exam in Shanghai
- Students Prepare for National College Entrance Exam in China
- Schools in N China Organize After
- Woods Richardson allows 1 hit in 6 shutout innings with 8 strikeouts as Twins beat Mariners 3
- Chinese Lawmakers Deliberate Report on Boosting Children's Health
- Technologies Aid Efforts to Raise Public Awareness of Cultural Relic Restoration
- Maritime Day of China Marked in NE China's Liaoning
- Anya Taylor
- (HKSAR 25) Hong Kong's Future Very Promising: Chief Executive Carrie Lam
Random recommendation
Haiti declares state of emergency amid violence, inmates on the runTrump: Court finding first Americans to sit in judgment of former presidentTrump, Speaker Johnson meet at MarLouisiana lawmakers reject minimum wage raise and protections for LGBTQ+ people in the workplacePhiladelphia 76ers unveil sculpture of Allen IversonArizona revived an 1864 law criminalizing abortion. A look at the issue in other statesFar fewer young Americans now want to study in China, something both countries are trying to fixHow a hush money scandal tied to a porn star led to Trump’s first criminal trialSudan's war began a year ago. Children are among its most fragile survivorsGuilty plea by leader of polygamous sect near the Arizona
- Copyright © 2024 Powered by Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1 ,International Idiom news portal sitemap