Agricultural Bank of China's February loans top rivals

Lender was able to lend 28% of China's top four banks total amount.

Agricultural Bank of China was said to grant loans of about CNY 82 billion ($12 billion) in February 2010, the largest amount among the four lenders, disclosed people close to the matter.

Loans granted by Bank of China, which grew rapidly earlier this year, hit merely CNY 58 billion ($8.5 billion) in the month; loans granted by Industrial and Commercial Bank of China, the largest lender in the nation by market value, arrived at CNY 78 billion ($11.42 billion); loans offered by China Construction Bank were CNY 76 billion ($11.13 billion).

Insiders predicted that new loans granted by joint-stock lenders, city commercial lenders, and rural cooperatives would hit more than CNY 700 billion in the month, in spite of the seasonable factors, compared with as much as CNY 1.39 trillion a month earlier.

View the full story in Trading Markets.

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