China’s Biggest Banks Boost Jan-Feb Loans, ICBC Says

New lending at China’s four biggest banks rose by about 20 billion yuan ($3.2 billion) in the first two months of 2012 from a year earlier, Industrial and Commercial Bank of China Ltd. President Yang Kaisheng said.

ICBC, the nation’s biggest commercial bank, increased its lending in that period by about 15 billion yuan to 165.5 billion yuan, Yang told reporters today at meetings of the Chinese People’s Political Consultative Conference in Beijing.