ICBC Lends ¥110b in January

Industrial & Commercial Bank of China (SHA: 601398, HKG: 1398) extended ¥110 billion ($1 = ¥6.83) worth of loans in January, well below the ¥252.1 billion recorded a year ago, the world's largest lender by market value said Monday. Experts estimated the nation's bank lending might gross ¥1,600 billion in January.