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Outstanding loans up

(Global Times)

08:26, July 20, 2012

Outstanding loans issued by financial institutions on the Chinese mainland totaled 59.64 trillion yuan ($9.36 trillion) by the end of June, up 16 percent year-on-year, according to a report released by the People's Bank of China Thursday.

Real estate sector outstanding loans including loans to developers, mortgages and securitized real estate loans totaled 11.32 trillion yuan as of June this year, a 10.3 percent year-on-year increase.

Outstanding loans for small and micro enterprises increased 21.4 percent year-on-year, hitting 10.87 trillion yuan as of June.

Of the newly issued loans to individuals, 584.2 billion yuan was used in consumption, while 544.3 billion yuan was for businesses loans.

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