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Big 4 banks Oct new loans hit 136b yuan
By Zhang Jiawei (chinadaily.com.cn)
Updated: 2009-11-03 15:06 China's big four banks extended about 136 billion yuan ($20 billion) yuan-denominated new loans in October, up 23.6 percent from September's 110.4 billion yuan, the China Securities Journal reported on Tuesday. The September total was the lowest amount so far this year for the big four, which include Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China, the newspaper said.
China Construction Bank lent 36 billion yuan in October, down 8 billion yuan from 44 billion yuan in September. The bank has extended a total of about 879 billion yuan in new loans so far this year. For its part, Industrial and Commercial Bank of China extended 33 billion yuan in new loans in October, compared with 30 billion yuan in the previous month. The bank's new loans have reached 960 billion yuan this year. Finally, Agricultural Bank of China made 23 billion yuan in new loans after extending 30 billion yuan in September. It had made roughly 900 billion yuan in loans as of the end of October this year. (For more biz stories, please visit Industries)
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