Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Release time：2024-05-08 03:40:12 Source：Global Glimpse 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）
Related articles
- Xi Congratulates Diaz
- Helping Women Play Greater Roles in Promoting Social Development
- Striving for a Better Future
- Libo: 'Emerald on the Earth's Belt'
- Xi Sends Congratulatory Letter to General Assembly of Alliance for Cultural Heritage in Asia
- Hou Hongqin: Working Hard to Ensure Qinqiang Opera Thrives
- Reform, Opening Up Brings China Closer to the World
- Working Tirelessly on Fertile Land
- Scenery of Xilingol Grassland in Inner Mongolia
- Demonstrating Medical Ethics During Medical
- South China tourist city all set for art festival
- Bringing Traditional Chinese Opera to Wider Audience
- Family Photos Mirror China's Social Development, Convey Messages of Good Family Traditions
- Bringing Traditional Chinese Opera to Wider Audience
- Xi Story: A Farmland Visitor and the Vision for China's Food Security
- All England Open: Defending champ Li falls in opener
- Illuminating Each Child’s Future
- Works from Fine Arts Exhibition of Chinese Women Artists
- In pics: natural landscapes in Africa
- CPC Delegate Committed to Subway Safety
Random recommendation
US Supreme Court Skeptical of Curbing Government Contact With Social Media FirmsChinese dissident artist Ai Weiwei protests possible extradition of Julian Assange in LondonNew Zealand joins 50 countries in condemning transfer of weapons between North Korea and RussiaYou don’t have to go full vegetarian to reduce your carbon footprintRSV immunisation for babies: Doctors call for urgent accessACT leader David Seymour expects Waitangi events will be 'tense'ancient chinese scroll sells for fifty seven million dollarsHong Kong police arrest four over social media postsProposal unveiled for new facility combining Nelson's library, civic centre, community hubWellington's Tuesday dinners celebrates 'amazing collection of people' 25 years on
- Copyright © 2024 Powered by Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1 ,Global Glimpse news portal sitemap