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Banking, Finance and Insurance

Big 4 Responsible for 43% of New Loans in 1H
By TONY JIN
Published: July 28, 2009 02:54 PM

China's top four state-owned banks lent a combined ¥3.2 trillion, or 43% of ¥7.3 trillion of loans nationwide, in the first half of the year, central bank figures have shown. The share of the four giants dropped 6.5 percentage points from that seen in the first quarter, indicating lending from big banks has decelerated. Bank of China (SHA: 601988, HKG: 3988) extended more than ¥1 trillion of loans, including $18.1 billion foreign currency loans, ranking first across all banks. Industrial & Commercial Bank of China (SHA: 601398, HKG: 1398), the world's largest lender by market value, loaned ¥825.5 billion in the first 6 months, Agricultural Bank of China ¥858.9 billion, and China Construction Bank slightly over ¥700 billion.

$1 = ¥6.8

Source: http://www.cs.com.cn/xwzx/03/200907/t20090728_2163896.htm

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