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China's real estate loan up 12.2% by end Sep

Oct. 24, 2012 (China Knowledge) - The People's Bank of China has said the country's real estate loans reached RMB 11.74 trillion or about US$1.86 trillion at the end of last month, reflecting a YoY growth of 12.2%.

The growth rate was higher than a 10.3% increase the country realized at the end of June 2012.

At the end of September this year, the country's loans to properties development increased 12.1% from a year earlier to RMB 2.96 trillion. The growth rate was 0.8 percentage point higher than at the end of June.

Meanwhile, its loans to individual housing loans reached RMB 7.8 trillion as of Sep 30, 2012, up 12.6% from a year earlier.

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