Bank of China issued more loans in the first two months of this year, compared to the same period in 2008, but the bad loan ratio remained nearly unchanged, a company official said.
The bank is going to expand credit, especially that targeting small and medium-sized enterprises (SMEs), said Li Lihui, president of Bank of China, on the sidelines of the annual session of the National People's Congress.
Bank of China will soon set up a special department specializing issuing loans to SMEs and will launch about 40 "loan centers" across the country to streamline the process of issuing such loans, he said.
