July 20, 2018 / 8:23 AM / a month ago

China banks extend 3.54 trln yuan new property loans in H1

BEIJING, July 20 (Reuters) - China’s central bank said on Friday new property loans totalled 3.54 trillion yuan ($522.09 billion) in the first half of this year.

Outstanding property loans rose 20.4 percent from a year earlier by end of June to 35.78 trillion yuan, said the People’s Bank of China in a statement on its website.

Outstanding individual mortgage loans were up 18.6 percent from a year ago by the end of June at 23.84 trillion yuan, data from the central bank showed. ($1 = 6.7805 Chinese yuan renminbi) (Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger)

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