Top Biz News
Bank of China to issue less new loans in 2010
(Xinhua)
Updated: 2010-03-09 10:16
 |
Large Medium Small |
BEIJING - Bank of China (BOC), the third largest lender in the country, said Monday it would offer less new loans this year as the bank strives to rein in its credit growth at a reasonable rate.
The bank would restructure some of its lending services in 2010, said Li, without elaborating.
Li also said the BOC has supported the Renminbi cross-border trade settlement plan since it was introduced last July. Total value of transactions of RMB settlements by the bank came to 18.7 billion yuan ($2.74 billion) by the end of February.
