Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time：2024-05-07 22:11:49 Source：Earth Encounters 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：How major US stock indexes fared Monday, 5/6/2024
- Next：Skye Wheatley hosts reunion with her I'm A Celebrity co
Related articles
- Top secret D
- Delivers Love to Disadvantaged Women
- Singing 'Red Ballads' to Carry Forward Revolutionary Spirit
- Dream Maker in Rice Fields
- Outrage as pro
- Retired Woman Committed to Protecting 'Mother River'
- Spring Bud Blooms
- Chinese Woman Takes Peru's 'Alpacas' to International Import Expo
- Point guard Deivon Smith transferring to St. John's from Utah
- Advancing Rural Development Through Modern Agriculture
- College protests: Pro
- Hoping for a World Without Illness
- Decoding Peking Opera Headwear
- Hoping for a World Without Illness
- GOP secretary of state who spoke out against election denialism wins JFK Profile in Courage Award
- Spring Bud Blooms on Daliang Mountain
- Telling China's Story in Objective, Comprehensive Way
- Attaining Wealth by Growing Popular Guavas
- Pamela Anderson goes make
- Family Dedicated to Writing 'Green Legend' on Saihanba
Random recommendation
Procuratorial Organs Provide Assistance, Legal Protection to MinorsPeople Visit Guangyang Isle for Ecological Education Tour in SW China's ChongqingMedical Team from Guangdong Provides Home Services in TibetChina Unveils 10 NationalChina to Provide Trainee Jobs for College Graduates, Young PeopleChinese Farmers Busy with Field Works at Beginning of SummerVarious Activities Themed on Eye Caring Held at Schools Across ChinaPanax Notoginseng Cultivation Contributes to Rural Revitalization in SW China(China Economic Roundtable) Chinese Economy Sees HardMaternal, Infant Mortality Drop to Record Low in China
- Copyright © 2024 Powered by Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1 ,Earth Encounters news portal sitemap