Economy

Bank of China to see double digit loan growth this year

(Xinhua)
Updated: 2011-03-09 21:15
Large Medium Small

BEIJING - Bank of China, one of the country's top four lenders, expected to grow its loan business at a double digit rate this year, its chairman said Wednesday.

Related readings:
Bank of China to see double digit loan growth this year Shares fall on bank loan tightening
Bank of China to see double digit loan growth this year China gives 270m yuan in bank loan subsidies to dairy companies
Bank of China to see double digit loan growth this year CBRC may require new bank loan reserve ratio

But the loan growth rate this year will be less than that of last year, which stood between 13 percent and 14 percent, Chairman Xiao Gang said on the sidelines of China's annual parliamentary session.

The bank set its target for this year's total yuan loans at about 600 billion yuan (about $91 billion), Xiao said.

分享按钮