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

Bloomberg
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 150.2 179,751
SABIC 83.24 6,511,239
RIBL 10.99 805,094
RJHI 59.24 1,431,187
TAWUNIYA 90 27,739
STC 64.19 250,438
DIB 5.43 3,619,897
Recent News

Lazurde opening the nominations for Board of Directors
Lazurde Company is pleased to announce to its shareholders, the opening of nominations for membership to the Board of Directors for the vacant independent board seat during the current session that e

Selling pressure pulls down MSM index
Selling in most index stocks led the MSM 30 to decline 0.38 per cent and close at 5,816.82 points. Special deal in Renaissance bonds led to higher turnover. The MSM Sharia Index ended at 884.88 point

Oman trade team starts meeting in Singapore
A top-level Omani business delegation led by Ithraa, the Sultanate’s inward investment and export promotion agency, started trade and investment meetings this week in Singapore.

“We have i

Yuan slump is close to over, says top market forecaster
After its worst quarter on record, the yuan may finally be headed for a break. The People’s Bank of China (PBoC) will hit the brakes on depreciation to avoid sparking global volatility and exacerbat

SME industry key to Mena’s economic growth
The Mena region is currently witnessing a grassroots revolution in building a strong Small and Medium Enterprises (SMEs) structure. Developing the region’s SMEs has so far moved in a positive direct

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

Poll

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