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ADBC: New medium and long-term loans rise in Jan-Aug

(Xinhua)
Updated: 2009-10-03 11:54

The Agricultural Development Bank of China (ADBC) said its new medium and long-term loans for the agricultural sector and rural areas development in first eight months topped 119.9 billion yuan ($17.6 billion).

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This figure represented an increase of 54.5 billion yuan from a year earlier, according to the ADBC.

The Beijing-based policy financial institution said it had stepped up its efforts on loans lending in past five years to better finance the country's farming sector and rural areas development.