Bank of China and China Citic Bank : Banks Expect Drop In Lending Or Loan Growth

Category Business, World | Monday, March 8th, 2010

BEIJING (Dow Jones)–Bank of China Ltd. (3988.HK) and China Citic Bank Co. (0998.HK) on Monday joined other banks in commenting on their levels of yuan loans this year that indicate they are paying heed to government efforts to slow lending after last year’s credit binge.

With economic growth reviving and inflationary risks increasing, Beijing is keen for banks to rein in credit and avert a rise in bad loans, though it is also wary of jeopardizing the recovery.

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