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Big four banks' property loans grow

08-31-2010 14:09 BJT

The property business of China's big four banks does not seem to be affected by the government's curbing measures.

Loans issued to home buyers and developers by the Industrial and Commercial Bank of China amounted to 1.6 trillion yuan in the first half of the year, the highest among the big four. Bank of China was second with loans of more than 1.4 trillion, followed closely by China Construction Bank. Agricultural Bank of China was last, issuing 1.2 trillion yuan to the real estate sector.

Despite the many measures issued by the central government to cool this market, property loans have seen significant growth. For example, ICBC's loans to home buyers grew 19 percent in the first half year on year. To developers, it grew 22 percent.

Editor:Xiong Qu |Source: CNTV.CN

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