China Banks May Miss Loan Target for 2012, Officials Say

25/05/2012 06:28 AST

China’s biggest banks may fall short of loan targets for the first time in at least seven years as an economic slowdown crimps demand for credit, three bank officials with knowledge of the matter said.

A decline in lending in April and May means it’s likely the banks’ total new loans for 2012 will be about 7 trillion yuan ($1.1 trillion), less than an estimated government goal of 8 trillion yuan to 8.5 trillion yuan, said one of the officials, declining to be identified because the person isn’t authorized to speak publicly. Banks are relying on small and mid-sized companies for loan growth after demand from the biggest state- owned borrowers dropped, the people said.

For more on this Click Here

Global News
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
STC 67.66 440,643
SAGRINSURANCE 31.41 724,533
RIBL 12.54 519,519
SABIC 89.82 6,416,421
ALMARAI 79.2 271,141
EEC 31.49 1,418,989
Recent News

Bahrain tops Arab world in developing ICT sector
Bahrain has been awarded the top rank in the Arab world for information and communications technology (ICT) development by the International Telecommunications Union (ITU).

The kingdom ra

Opportunities focus of Zain conference
Demand for mobility, broadband, virtualisation, cloud-based services and enhanced customer experience are drivers for transformation in information and communications technology, experts have said.<

BisB shares offer fully subscribed
A rights offer of shares by Bahrain Islamic Bank (BisB) that ended on Sunday was fully subscribed, the bank has announced.

Under a capital increase plan, the bank offered 170,940,171 ordin

GIB’s ratings affirmed by Moody’s and Fitch
International credit rating agencies Moody’s and Fitch have affirmed Bahrain-based Gulf International Bank’s (GIB) credit ratings.

Fitch affirmed GIB’s long-term credit rating at ‘A’ wi

Gender equality ‘could add $13trn to global economy’
Gender equality could add $13 trillion to the global economy, according to Deutsche Bank Group global head of diversity and inclusion Guelabatin Sun.

She said that studies have shown that

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Looking ahead, what change you are more likely to make in investing in your domestic stock market?