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China's big four banks extend RMB 168.09 bln of loans in Nov

Dec. 17, 2012 (China Knowledge) - China's big four state-owned banks extended RMB 168.09 billion worth of new RMB-denominated loans in November this year, according to statistics released by the People's Bank of China.

The figure was less than RMB 220.48 billion new loans issued in October 2012.

As of the end of Nov 30, 2012, China's big four bank's outstanding loans reached RMB 25.64 trillion.

Meanwhile, the big four banks saw their outstanding deposits decrease by RMB 49.12 billion to RMB 41.06 trillion as the end of last month.

The central bank earlier announced that the country's new RMB-denominated loans were RMB 7.75 trillion in the first eleven months of this year, while its new RMB deposits reached RMB 9.23 trillion, RMB 1.02 trillion more than in the same period of last year.

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