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Economy

Balance of loans up 4.4 pct in Shanghai by February

March 16, 2020


Abstract : The balance of loans in Shanghai stood at 7.9 trillion yuan (about 1.13 trillion U.S. dollars) at the end of February, up 4.4 percent year on year, official data showed.

BEIJING, March 15 (Xinhua) -- The balance of loans in Shanghai stood at 7.9 trillion yuan (about 1.13 trillion U.S. dollars) at the end of February, up 4.4 percent year on year, official data showed.

The balance of renminbi loans was 7.31 trillion yuan at the end of February, up 4.4 percent year on year, according to the Shanghai head office of the People's Bank of China.

The balance of foreign currency loans was 84.9 billion dollars at the end of February, down 0.5 percent year on year.

New data also showed the balance of Shanghai's deposits stood at 13.6 trillion yuan at the end of February, up 9.1 percent year on year. The balance of renminbi deposits was 12.6 trillion yuan, up 8.8 percent year on year.

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Keyword: banking loan

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