Chen Yuan, board chairman of China Development Bank, said that more than 50 percent of its new loans this year would go to urbanization and construction, supporting the development of the real economy, Xinhua News Agency reported Tuesday.
As of the end of 2012, CDB's total assets were 7.37 trillion yuan ($1.18 trillion), with a non-performing loan ratio of 0.3 percent, marking 31 consecutive quarters of keeping the ratio below 1 percent.
New loans to public infrastructures including coal, electricity and communications were 338.2 billion yuan in 2012.
Buildings collapse after subsidence in S China
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