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Chinese banks' 2012 assets up 17.7 pct
BEIJING, Jan 28, 2013 (Xinhua via COMTEX) --
Chinese banks saw their total
assets rise 17.7 percent year on year to 131.27 trillion yuan
(20.9 trillion U.S. dollars) at the end of 2012, the latest
official data showed.
The growth was slightly slower than the 18.3-percent growth
rate recorded a year earlier, according to figures from the China
Banking Regulatory Commission (CBRC).
The banks' liabilities reached 122.63 trillion yuan, up 17.5
percent year on year, compared with an increase of 18 percent a
year earlier, the CBRC said on its website.
Smaller lenders, including joint-stock commercial banks and
city commercial banks, posted annual growth of more than 20
percent for both assets and liabilities, more than double the
expansion rate of large-sized lenders.
Big banks accounted for 44.1 percent of the banking industry's
total assets and 44 percent of its total liabilities at the end of
last year, both down from 46.6 percent a year earlier.
Five banks were categorized as large-sized lenders in the
CBRC's calculations, namely the Industrial and Commercial Bank of
China, the Agricultural Bank of China, the Bank of China, the
China Construction Bank and the Bank of Communications.
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