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Article: ICBC'S PERSONAL LOANS TOP CNY 500BN

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AsiaInfo Services
Article date:
October 24, 2005
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AsiaInfo Services
10-24-2005
ICBC's Personal Loans Top CNY 500bn

BEIJING, Oct 24, 2005 (SinoCast via COMTEX) -- The Industrial and Commercial Bank of China, the country's largest lender in terms of assets, announces that by the end of this September, its personal loans had exceeded the threshold of CNY 500 billion (USD 1 = CNY 8.091).

Zhang Furong, deputy governor of ICBC, reveals that the bank's personal loans reached CNY 500.9 billion, accounting for 16.8 of all kinds of loans, while the home loan amounts to 85 of total personal loans. Impressively, he discloses that the bad loan ratio of home loans just is near 2 and the average amount is not too large. So there is ...

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