Loans News
- Small, midsized banks asked to slow lending
Date: 21-Mar-2007 Sources: (Shenzhen Daily)
THE banking regulator said Monday it had demanded that some small and midsized banks slow their loan growth after data in the first two months showed they were extending loans too fast.
China's classification of small and midsized banks refers to joint-stockholding banks, many of which are listed in Shanghai, city commercial banks, and city credit cooperatives. Banks extended 981.4 billion yuan (US$126.81 billion) worth of new yuan-denominated loans in the first two months of this year.
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