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China Construction Bank's yuan-dominated loans hit 708.5 bln yuan
Sep 08,2009(bmwx.us)--align=middle> BEIJING, July 28 BMWX.US -- China construction Bank CCB , the country's
second largest commercial bank by market value, said Tuesday its yuan-dominated
loans totaled 708.5 billion yuan 103.7 billion U.S. dollars in the first half.
The loans increased by 19.77 percent over the same period last year, said the CCB in a report on its website.
The rise in credit was extended mainly to the commercial and service
sectors, manufacturing sector and transportation sector, which accounted for
76.42 percent of the total loans.
Loans channeled to infrastructure projects alone amounted to 242 billion yuan, an increase of 23.71 percent over the same period last year.
Bank spokesman Wang Zhaowen said the bank would focus on avoiding business risks in the second half and was expected to grant more loans to infrastructure projects, small and medium-sized enterprises and the farming sector. ...
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