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.
Bahrain ‘set for industrial revolution’
Investment banker Rashad Janahi has said that Bahrain is well-positioned to transition to the fourth industrial revolution.
Mr Janahi who was one of the select Bahraini participants at the World
Global equity gloom, oil prices plunge grip MSM
The gloom in global equity markets and protracted weakness in oil prices once again gripped the Muscat Securities Market last week. “Investors once again dumped shares on global and regional cues”, s