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Chongqing notes 914.3 bln RMB loan balance in Jan

The RMB loan balance of Chongqing reached 914.3 billion yuan in January, noting a year-on-year increase of 39% , news published by Chongqing Business Management Department of the People's Bank of China on Saturday.
The increase rate is 18 percentage points higher than the national growth rate, and about 37.7 billion yuan among the total loan balance are newly-increased loans. The monthly increase has yet hit a new high in recent 10 months, it also said.
With a rapid increase of loans, the city’s corporate lending rates are still low, so that the borrowing costs for corporations do not meet increases.
Besides, the weighted average interest rate of the city’s corporations was 5.58% in January, 0.02% lower from the previous month, according to the department. (Translated by Zhang Yi)
   

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