China Construction sees 17% green-credit business loans surge

Lender has made great strides to abide by government's green-credit policy with $27bln green-credit business loans.

China Construction Bank (CCB), one of the country's four leading state-owned lenders, saw a sharp increase in its green-credit business in 2009 with outstanding loans totaling 181.1 billion yuan ($26.6 billion), according to a report in Xinhua.

In CCB's fourth social responsibility report issued Tuesday since it went public, the bank said its outstanding loans to green-credit businesses increased 17.5 percent year on year.

According to the report, CCB has made great efforts to execute the government's green-credit policy by providing loans for clean energy products, as well as those that help environmental protection and emission reductions. It has also provided loans to the eco-industry with respect to agriculture and forestry.