Chinese banks extended 615.2 billion yuan ($84.86 billion) in new yuan loans in October, down sharply from September and below analysts' expectations.

Analysts polled by Reuters had predicted new yuan loans would drop to 800 billion yuan in October from 2.47 trillion yuan the previous month and against 826.2 billion yuan a year earlier.

Broad M2 money supply grew 11.8% from a year earlier, central bank data showed on Thursday, below analysts' forecast of 12.0% in the Reuters poll. M2 grew 12.1% in September from a year earlier.

Outstanding yuan loans in October grew 11.1% from a year earlier, compared with 11.2% growth in September. Analysts had expected 11.2% growth. ($1 = 7.2496 Chinese yuan renminbi) (Reporting by Kevin Yao and Ella Cao Editing by Tomasz Janowski)