Chinese Banks' Outstanding Syndicated Loans Reached 2Tln Yuan by End-June

The Chinese Loan Syndications and Trading Association said Sunday the outstanding syndicated loans of its 49 members had reached 2.08 trillion yuan by the end of June

The Chinese Loan Syndications and Trading Association (LSTA) said Sunday the
outstanding syndicated loans of its 49 members had reached 2.08 trillion yuan
($306.3 billion) by the end of June, Xinhua reported.

Ten of the country’s top lenders held 87.67 percent of the outstanding
syndicated loan, including China Development Bank, Industrial and Commercial
Bank of China, China Construction Bank, Bank of China, Agricultural Bank of
China, Bank of Communications, Shanghai Pudong Development Bank, China Minsheng
Bank, China Merchants Bank and China Citic Bank, according to the LSTA, which is
a part of the China Banking Association.

The LASA also said CCB, BoCom and SPDB, along with seven other banks, had
seen more than 30-percent growth in syndicated lending.

A syndicated loan is one that is provided by a group of lenders to the same
borrower and is structured, arranged and administered by one or several
commercial banks or investment banks known as arrangers, under the same terms
and conditions.