China’s AIIB eyes lending of $10-15 bln a year: president-designate

BEIJING, Dec 1 (Reuters) – China’s new international development bank expects to lend $10 billion-$15 billion a year for the first five or six years, its future president said on Tuesday.

Jin Liqun, president-designate of the Asian Infrastructure Investment Bank (AIIB), also told reporters that the bank was targeting starting operations in the second quarter of 2016. (Reporting by Michael Martina; Writing by Sui-Lee Wee; Editing by Paul Tait)

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