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China's big four banks extend RMB 253 bln of loans in May

Jun. 20, 2012 (China Knowledge) – China's big four state-owned banks extended RMB 253.04 billion worth of new RMB-denominated loans in May this year, according to statistics released by the People's Bank of China yesterday.

The figure was less than RMB 263.3 billion new loans issued in April 2012.
Last month, the big four banks saw their outstanding deposits increased by RMB 247.48 billion to RMB 40.07 trillion; while, in April, the big four banks' deposit was sharply decreased by RMB 1.05 trillion.

According to an earlier statistic released by the People's Bank of China, the country's M2, a broad measure of money supply, was RMB 90 trillion at the end of May this year, up 13.2% than a year earlier.

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