Money

CCB sees 17% increase in green-credit business loans in 2009

(Xinhua)
Updated: 2010-05-26 10:00

BEIJING - China Construction Bank (CCB), one of the country's four leading State-owned lenders, saw a sharp increase in its green-credit business in 2009 with outstanding loans totaling 181.1 billion yuan ($26.6 billion).

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In CCB's fourth social responsibility report issued Tuesday since it went public, the bank said its outstanding loans to green-credit businesses increased 17.5 percent year on year.

According to the report, CCB has made great efforts to execute the government's green-credit policy by providing loans for clean energy products, as well as those that help environmental protection and emission reductions. It has also provided loans to the eco-industry with respect to agriculture and forestry.