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Shanghai D&G handbag ’s commercial banks boost personal loan business
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Shanghai’s commercial banks boost personal loan businessPublished: 02 Apr 2009 18:05:34 PSTApr. 3, 2009 (China Knowledge) – Chinese commercial banks in Shanghai successfully stimulated the personal loan business in 2008, achieving a loan balance that amounted to nearly RMB 367.24 billion and achieving a growth of 20.16% from the beginning of the year, according to a report released on Tuesday by the Shanghai Banking Regulatory Bureau, sources reported.Chinese commercial banks developed the personal loan business by granting loans for homes, by granting loans for cars, and by issuing bank cards. In 2008, the balance of residential property loans amounted to about RMB 316.44 billion, up 10.71% from the year beginning, taking 86.17% of the total consumption loans balance. Meanwhile, the balance of personal loans for automobile consumption reached RMB 4.37 billion and overdraft credit reached around RMB 4.37 billion and RMB 2.51 billion, and the growth rates were 62.90% and 32.10%, respectively.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News外汇保证金 Learn Chinese Language 即时通讯 ahappydeal everbuying 混合机