Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Saturday, January 20, 2001, updated at 08:38(GMT+8)
Business  

Agricultural Bank Sees Sharp Rise in Housing Loans

The Agricultural Bank of China (ABC) saw a sharp rise in individual housing loans in 2000, with the total outstanding amount of such loans hitting 40.8 billion yuan, 3.5 percent of ABC's total assets.

The bank has increased a total of 25.3 billion yuan in housing loans throughout 2000, up 165 percent from 1999 and 5.3 billion more than the annual target.

The outstanding amount of housing loans at the Guangdong branch of the ABC totaled 9.9 billion yuan alone, while eight other ABC branches saw their annual lending of housing loans increasing by more than one billion yuan from the previous year.

A spokesman for the bank said that so far the bank has introduced a dozen ways to give out loans and seven ways for their clients to repay them, making it more convenient for individual house purchasers.

The housing loans maintain fairly good quality and the lending structure of the bank significantly improved as a result of it, the spokesman noted.

He said that non-performing assets account for merely 0.8 percent of all ABC's housing loans while the default rate remained as low as 0.04 percent.









In This Section
 

The Agricultural Bank of China (ABC) saw a sharp rise in individual housing loans in 2000, with the total outstanding amount of such loans hitting 40.8 billion yuan, 3.5 percent of ABC's total assets.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved