2014-08-26

Bank Deposits Still Falling In August, Loan Growth Weak

Everyone knows the July data that was out recently: China Record Bank-Deposit Slump in July Erodes Lending Capacity
Yuan-denominated deposits fell by 1.98 trillion yuan ($321 billion) to 111.62 trillion yuan from the previous month, the central bank said today. That’s the biggest monthly decline in figures dating back to 2000.

Deposits are still falling in August, with the Big 4 reporting a decline of ¥530 billion in the first two weeks of August. Loans are also growing slows, with only ¥56 billion in new credit from the Big 4.

8月前两周四大行存款负增长近5300亿
According to the new financial reporter, as of August 17, the four bank deposits negative growth of nearly 530 billion yuan, of which nearly 250 billion reduction in the Bank of China, ICBC reduction of nearly 130 billion CCB reduce 100 billion, the bank reduce 50 billion. Meanwhile, the first two weeks of August, the four lines only 56 billion yuan of new credit scale.

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