China Construction Bank says new lending to grow this year
Published: 10 Mar 2009 01:44:25 PSTBEIJING, March 10 - China Construction Bank, the country's second-largest bank by assets, expects its new lending this year to grow 10 to 12 percent without causing a significant rise in bad loans.
Guo Shuqing, the bank's chairman also said Bank of America would sell part of its shares in the Chinese bank when the lock-up period is over, but he said any sale would not affect China Construction Bank's business.
He was speaking to reporters on the sidelines of China's annual parliamentary meetings.
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