China Feb new bank loans fall to 1.36 trln yuan, beat forecast

  • 3/10/2021
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BEIJING, March 10 (Reuters) - Chinese banks extended 1.36 trillion yuan ($208.86 billion) in new local-currency loans in February, down from January but exceeding analyst expectations. Analysts polled by Reuters had predicted new yuan loans would fall to 950 billion yuan in February, down from 3.58 trillion yuan in the previous month and compared with 905.7 billion yuan a year earlier. Broad M2 money supply in February grew 10.1% from a year earlier, central bank data showed on Wednesday, above estimates of 9.4% forecast in the Reuters poll. It rose 9.4% in January. Outstanding yuan loan grew 12.9% from a year earlier compared with 12.7% growth in January. Analysts had expected 12.7% growth.

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