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
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
SABIC 97.37 2,673,609
OOREDOO 1200 76,670
EMAAR 7.59 3,995,659
EEC 21.89 592,684
ZAIN.TASI 9 3,532,437
DIB 6.2 7,618,027
BAHRI 36.79 613,161
Recent News

A peek inside Qatar’s ‘gas capital of the world’
RAS LAFFAN, Qatar: Perched on a northern tip of Qatar, about an hour’s drive from the gleaming capital Doha and at the end of “Route 77,” stands the secretive city of Ras Laffan.

Behind its

Oman's Bank Muscat raising $500 mn through syndicated loan, say source
Bank Muscat, Oman's largest bank by assets, is raising $500 million through a syndicated loan, banking sources familiar with the situation said on Thursday.

The three-year loan refinances a

Dubai Islamic 2016 profit up 6pc to $1.1bn
Dubai Islamic Bank (DIB) has reported a net profit of Dh4.050 billion ($1.1 billion) for 2016, an increase of 6 per cent compared to Dh3.839 billion in 2015.

At the Annual General Meeting

QCB to track US rates as BMI sees another 0.25% hike in Qatar
The Qatar Central Bank will continue tracking the US Federal Reserve in its tightening cycle over the coming quarters, given the riyal’s dollar peg, BMI Research said and noted it expect another 25 b

United Arab Emirates stocks mixed at close of trade; DFM General down
United Arab Emirates stocks were mixed after the close on Thursday, as gains in the Services, Consumer Staples and Finance & Investment sectors led shares higher while losses in the Transport, Teleco

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?