Thursday, February 5, 2009

ICBC offers loans after stimulus package


ICBC offers loans after stimulus package
05-02-2009

The mainland's largest bank, Industrial and Commercial Bank of China, says it offered more than 250-billion yuan of new loans last month, in response to the government's stimulus plan to avert an economic slowdown. The money was lent for power grid, railway, road and hydroelectric power projects, as well as to small and medium-sized companies.

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