Sources say 700 billion of banking lending in February

In the afternoon of March 9, banks ' lending slowed to a consensus in February.　　Sources said that February new credit from January to 1.39 trillion yuan fell to 700 billion yuan, the newly-started project loans have been tightly controlled. A brokerage is expected, February four state-owned commercial banks new loans less than 300 billion yuan.　　AgBank added more loans to the month, up to 82.8 billion yuan, ICBC for 77.8 billion yuan, CCB 75.5 billion yuan, Bank of China's new loans in the four lines of the lowest, only 57.9 billion yuan. Analysts pointed out that this February for the Spring Festival, from the historical experience, affected by seasonal factors, the February credit volume will be significantly reduced.　　In addition, the two-time increase in reserve requirements by the Central bank in February heralded a signal that credit would be tightened. According to the central bank issued the January 2010 Financial Statistics Report, January Financial institutions RMB loans increased by 1.39 trillion yuan, less than 224.3 billion yuan Year-on-year.