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Agricultural Development Bank of China
Local

Balance of loans in Shanghai rises at end of August

September 22, 2021


Abstract : The balance of loans in Shanghai stood at 9.18 trillion yuan (1.42 trillion U.S. dollars) at the end of August, up 11.6 percent from the same period last year.

SHANGHAI, Sept. 21 (Xinhua) -- The balance of loans in Shanghai stood at 9.18 trillion yuan (1.42 trillion U.S. dollars) at the end of August, up 11.6 percent from the same period last year.

The balance of loans in Chinese yuan reached 8.41 trillion yuan at the end of August, up 11.2 percent year on year, and the growth rate was flat with that of the previous month, according to the People's Bank of China Shanghai Head Office.

New yuan loans stood at 41.7 billion yuan in August, 500 million yuan less than the same period last year.

The balance of foreign currency loans hit 119.7 billion U.S. dollars at the end of August, up 24 percent year on year.

The balance of Shanghai's deposits stood at 16.7 trillion yuan at the end of August, up 12.5 percent year on year. Enditem

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Keyword: loans Shanghai

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