China’s Bank of Gansu, hit by depositor nerves, moves to provide loans to state firms
China’s Bank of Gansu
has agreed to provide 30 billion yuan ($4.26 billion)
of loans to state firms in the northwestern province over the
next three years, in an apparent show of financial strength
after a rush of fund withdrawals at one of its branches last
week.
has agreed to provide 30 billion yuan ($4.26 billion)
of loans to state firms in the northwestern province over the
next three years, in an apparent show of financial strength
after a rush of fund withdrawals at one of its branches last
week.
Posted by Reuters
