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No change in August bank lending

2012-09-05 10:24 Global Times     Web Editor: Su Jie comment

China's four biggest State-owned banks lent 220 billion yuan ($34.7 billion) in August, the same as in July, the 21st Century Business Herald reported Tuesday.

New deposits taken by China's four biggest banks in August hit 280 billion yuan, the paper said.

China's "big four" banks are Industrial and Commercial Bank of China, China Construction Bank Corp, Bank of China and Agricultural Bank of China.

They account for between 30 to 40 percent of total bank lending in the world's second-largest economy. In July, China's big four banks lent 220 billion yuan, up 30 billion yuan from June.

The report also said the new lending from China Development Bank Corp and Bank of Communications Co was at 60 and 20 billion yuan respectively.

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