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March 9, 2010, 8:29 p.m. EST · Recommend ·

China banks lent $102.6 billion in February:report

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Alert Email Print By V. Phani Kumar

HONG KONG (MarketWatch) -- Chinese banks made loans for about 700 billion yuan ($102.6 billion) in February, around half the 1.39 trillion yuan worth of loans issued in January, according to a report Wednesday. China's four largest lenders together lent about 294 billion yuan of the total loans made during the month, with unlisted Agricultural Bank of China leading with total loans of 82 billion yuan, according to Dow Jones Newswires, which cited a Chinese-language news account. China is officially targeting to slow bank lending in 2010 to 7.5 trillion yuan, after record loan disbursals of 9.6 trillion yuan in 2009.

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