Current location:Global Gallery news portal > health
Agricultural Bank of China sees loan increase of 1.2 trln yuan in Q1
Global Gallery news portal2024-05-07 20:38:16【health】4People have gathered around
IntroductionBEIJING, 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)
Address of this article:http://christmasisland.whetstonetavern.com/article-89d199866.html
Very good!(5488)
Related articles
- Now Take That fans are left fuming after venue change from crisis
- Top French diplomat arrives in Lebanon in attempt to broker a halt to Hezbollah
- Messi scores in return as Miami held by Colorado
- Mainland urges Taiwan to resume direct cross
- Lando Norris' model girlfriend keeps quiet over his Miami Grand Prix F1 win... as ex
- How Columbia University's complex history with the student protest movement echoes into today
- Mainland ready to provide aid to quake
- Teens plotted to buy guns and attack Jewish people after Sydney bishop was stabbed, police allege
- Lured by Rolling Stones performance, half
- Messi scores in return as Miami held by Colorado
Popular articles
Recommended
DJ Chark Jr. signs with the Los Angeles Chargers
Europe, China could be partners for boosting electrification in auto industry
Yangtze town has a foot in the past and an eye on the future
A vibrant city on ancient Silk Road
Bank Holiday Moo
Harbin war museum sees soaring visits
Chelsea defender Cucurella replaces injured Gaya in Spain squad
China's economic growth target feasible, uplifting
Links
- Art on the lips at hippiest cultural district in Hong Kong
- Debates to play a major role in Pennsylvania's 2024 US Senate election
- Sacha Baron Cohen breaks his silence after Rebel Wilson's redacted memoir was released in the UK
- No 10 hits back at Emmanuel Macron's jibe that the Rwanda scheme is a 'betrayal' of European values
- Gusts of activity underway by friends and foes of offshore wind energy projects
- Alabama lawmakers advance bill that could lead to prosecution of librarians
- Meet the members of a transitional council tasked with choosing new leaders for beleaguered Haiti
- Auto industry insiders highlight interdependence between China, Europe
- Ten stocks to invest in NOW to profit from Rishi's defence spending boost
- Brazil's Romário returns to training at age 58, scores twice and keeps sharp tongue