Caixin OnlineFinance & EconomicsTop Stories Finance Banks Halt Lending amid Tighter Liquidity
06.26.2013 16:21

Banks Halt Lending amid Tighter Liquidity

Bank of China and ICBC branches stop making loans to businesses and individuals, but sources from financial institutions say the problem is minor
By staff reporter Li Xiaoxiao

(Beijing) – A number of banks have temporarily halted lending to businesses and individuals apparently due to mounting pressure from liquidity shortages.

They include some branches of Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC), sources from the two banks said.

The bank was already having a hard time keeping up with deposit-to-loan ratio requirements even before the liquidity shortages hit, not to mention executives' recent determination to sort out the bank's liquidity management and control loans.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
Sign up to receive our free daily newsletter