New bank loans at two-year low

The Myanmar Times - - Business -

New loans ex­tended by Chi­nese banks in July fell to their low­est level in two years as au­thor­i­ties tight­ened credit on con­cerns over the coun­try’s mount­ing debt prob­lem. Chi­nese lenders gave out 463.6 bil­lion yuan (US$69.8 bil­lion) in loans last month. It was the low­est fig­ure since July 2014, ac­cord­ing to Bloomberg News, and a sharp fall from 1.38 tril­lion yuan banks lent in June.

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