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Agricultural Bank of China extends 1.6 trln yuan in loans in H1

BEIJING
2022-09-05 10:41

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BEIJING, Sept. 5 (Xinhua) -- The Agricultural Bank of China said it extended 1.6 trillion yuan (about 232.16 billion U.S. dollars) in new loans in the first half of 2022, according to its half-year report.

The lender's outstanding loans reached 18.3 trillion yuan at the end of June, up 9.6 percent from the beginning of the year.

The new loans mainly went to key areas such as major projects, manufacturing, scientific and technological innovation, and green development.

The bank's non-performing loan ratio was 1.41 percent at the end of June, down 0.02 percentage points from the beginning of the year, the report also showed.

From September to December, new loans extended by the lender will very likely surpass those in the same period in 2021, according to Gu Shu, chairman of the lender.
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