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China's big four banks extend RMB 219.2 bln of loans in Aug

Sep. 19, 2012 (China Knowledge) - China's big four state-owned banks extended RMB 219.19 billion worth of new RMB-denominated loans in Aug this year, according to statistics released by the People's Bank of China yesterday.

The figure was less than RMB 237.18 billion new loans issued in Jul 2012.

Last month, the big four banks saw their outstanding deposits increased by RMB 57.47 billion to RMB 40.92 trillion, the growth rate was lower than market expectation.

The central bank earlier announced that the country's new RMB-denominated loans were RMB 703.9 billion in August, while its new RMB deposits reached RMB 504.4 billion last month.

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