China: Shanghai sees increase in balance of loans during May

2021-06-20 03:24:07

(MENAFN) At the end of last month, the balance of loans in Shanghai came in at 8.96 trillion yuan (around USD1.39 trillion), a rise by 10.6 percent from the very period of 2020.

The People's Bank of China Shanghai Head Office stated reported that balance of loans in the yuan hit about USD1,28 trillion at the end of the past month, a climb by 11.2 percent annually, and the expansion rate was higher by 0.6 percentage points from that of April.

The balance of foreign currency loans reached USD109.6 billion at the stated period, a rise by 17.4 percent annually.

During the noted period, the balance of Shanghai's deposits came in at around USD2,51 trillion, a climb by 12.6 percent annually.

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