Top four banks' new loans, deposits increase in June on greater liquidity
By Gao Changxin in Shanghai | China Daily | Updated: 2014-07-04 08:43
New loans and deposits jumped in June at the nation's four biggest lenders, the Shanghai Securities Journal reported on Thursday, indicating improved liquidity in the second half of the year.
New loans totaling 290 billion yuan ($47 billion) were extended by Bank of China Ltd, China Construction Bank Corp, Industrial and Commercial Bank of China Ltd and Agricultural Bank of China Ltd, according to the newspaper.
According to data compiled by Reuters, new loans by the four lenders totaled 272.8 billion yuan in May and 354.1 billion yuan in March.
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