ICBC increasing loans
06-03-2009
Industrial and Commercial Bank of China will increase loans by up to 13 percent this year as the government's economic stimulus plan spurs demand for funds. The bank's chairman, Jiang Jianqing, said demand for loans was expected to rise in the second half of the year as the effects of the stimulus package kick in. He said new loans approved by the bank exceeded 100 billion yuan last month.
