China banks' May lending missed analysts' expectations

China banks’ May lending missed analysts’ expectations

June 14, 2024 Tóth Balázs

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Chinese banks extended 950 billion yuan ($130.93 billion) in new yuan loans in May. This represents an increase from 730 billion yuan in April.

The figure is also down from 1.36 trillion yuan in the same month last year. The People’s Bank of China does not publish a monthly breakdown, Reuters calculated the May data from the bank’s January-May statistics released on Friday, comparing them with the January-April figures.

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China banks’ May lending missed analysts’ expectations

Chinese banks extended 950 billion yuan ($130.93 billion) in new yuan loans in May. This represents an increase from 730 billion yuan in April.

The figure is also down from 1.36 trillion yuan in the same month last year. The People’s Bank of China does not publish a monthly breakdown, Reuters calculated the May data from the bank’s January-May statistics released on Friday, comparing them with the January-April figures.

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