Chinese banks' assets up 13.5% by end of June

BEIJING, July 25 (Xinhua) -- Chinese banks saw their total assets rise 13.5 percent year on year to hit 141.34 trillion yuan (22.8 trillion U.S. dollars) at the end of June, the latest official data show.

The growth was the slowest since 2011, according to figures from the China Banking Regulatory Commission (CBRC).

Banks' liabilities reached 131.98 trillion yuan, up 13.2 percent year on year, the CBRC said on its website.

Smaller lenders, including joint-stock commercial banks and city commercial banks, posted annual growth of more than 22 percent for both assets and liabilities, more than double the expansion rate of large-sized lenders.

Big banks accounted for 43.3 percent of the banking industry's total assets and 43.2 percent of its total liabilities at the end of June.

Five banks were categorized as large-sized lenders in the CBRC's calculations -- Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications.

We Recommend:
Born to lead: 2nd genr of Chinese tycoons	Model in see-through dress poses at auto show	Mortgage slaves' decade in real estate fever
2013 China Int'l Boat Show kicks off in Zhoushan	China Changchun Int'l Automobile Expo kicks off	Forbes names China's 50 best CEOs
Migrant workes' high incomes not that rosy	Chinese grads' unconventional jobs	In pictures: history of China's auto industry