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Exim Bank to issue 200b yuan in new loans in 2009

By Xin Zhiming and Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-10 16:25

The Export-Import Bank of China, or China Exim Bank, will issue more than 200 billion yuan ($29.23 billion) in new loans this year to give a financial boost to the country's exporters and economy, a top executive said Tuesday.

And the country's exports, which have witnessed a steep drop in the past several months, will rebound in the second half of this year, said Li Ruogu, the bank's president.

China Exim Bank issued 180 billion yuan in new loans in 2008.

The bank's outstanding loans amounted to 600 billion yuan by the end of last year, according to its website.

Its non-performing loans accounted for 1.52 percent of its total lending.