- Friday 2010-08-27 10:55
August 27 -- Jiang Jianqing, board director of Industrial and Commercial Bank of China (ICBC) (601398, 1398.HK) and Li Lihui, governor of Bank of China (BOC) (601988, 3988.HK) yesterday denied market rumors that the two banks will suspend the granting of loans for real estate development, reports 21st Century Business Herald.
According to ICBC’s interim report, new real estate loans in the first half reached 94.808 billion yuan, accounting for 22 percent of ICBC’s new corporate loans of 426.678 billion yuan in the first half.
According Li Lihui, Bank of China added new real estate loans of 46.5 billion yuan in the first half, accounting for 8.43 percent of total corporate loans.
The balance of real estate loans as of end June increased 15.9 percent from the beginning of 2010 to 425 billion yuan.
The proportion of real estate loans to total loans in the first half increased from 7.47 percent to 7.88 percent.
Guo Shuqing, board director of China Construction Bank (601939, 0939.HK) said new real estate loans in the first half were less than 20 billion yuan, up 5.57 percent from the end of 2009.
The proportion of real estate loans to total loans in the first half decreased from 7.44 percent to 7.08 percent.
