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Bank of China (BOC), the third largest lender in the country, said Monday it would offer less new loans this year as the bank strives to rein in its credit growth at a reasonable rate.
But the bank would still maintain its relatively high lending growth rate in order to meet client demand and allow for economic growth, said BOC President Li Lihui, who emphasized the growth of loans his bank would offer this year would be smaller than that for last year.
But the bank would still maintain its relatively high lending growth rate in order to meet client demand and allow for economic growth, said BOC President Li Lihui, who emphasized the growth of loans his bank would offer this year would be smaller than that for last year.
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