China Banks May Miss Loan Target for 2012, Officials Say


25/05/2012 06:28 AST  Bloomberg

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
EMAAR 6.43 21,755,052
SAGRINSURANCE 29.67 820,606
RJHI 58.81 4,910,546
STC 62.81 1,393,606
SABIC 83.17 4,753,589
ALMARAI 87.9 547,656
EEC 38.43 10,599,246
Recent News

US index at peak, European stocks extend gains on Greece, Fed
European stocks extended gains for a sixth day to its highest level in seven years, and US indexes recovered to hit another record after Greece proposed a list of reforms to euro group and Federal Re

Afriland First Bank officially launches Islamic finance in Cameroon
At an event held at the Hilton Hotel in Yaounde, Cameroon, on 20 February, Afriland First Bank unveiled its suite of Islamic finance products.

For more than 10 years, First Bank has been a

Indian group wins Saudi chemical plant contract
Addar Chemicals Company, a leading conglomerate in Saudi Arabia, has awarded a $35-million engineering, procurement and construction (EPC) contract to Indian group Nuberg Engineering for a chemical p

Mashreq wins six awards at the Banker ME UAE Product Awards 2015
Mashreq has won six outstanding accolades from the prestigious Banker Middle East UAE Product Awards. The wins cover key Mashreq businesses including Personal Banking, Corporate Banking, Premium and

CBQ ratings affirmed by Capital Intelligence
Capital Intelligence (CI), has affirmed Commercial Bank of Qatar's (CBQ) Financial Strength Rating (FSR) at 'A-'. The FSR is supported by the Bank's diversified franchise, a good level of non-interes

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

Poll

Which of the following do you think is the best long-term investment?