UPDATE 1 — China September new bank loans jump more than expected on stimulus, seasonal boost

(Adds details) BEIJING, Oct 14 (Reuters) — New bank lending in China rose more than expected in September, rebounding sharply from a weak August as policymakers stepped up targeted monetary support for the slowing economy. Chinese banks extended 1.08 trillion yuan ($161.37 billion) in new loans in September, beating expectations and rising sharply from August's 60 billion yuan, Analysts polled had expected September new yuan loans would reach 975 billion yuan, compared with 1.29 trillion yuan a year earlier. Chinese lenders typically accelerate credit issuance toward quarter-end to meet internal targets. The central bank does not provide monthly breakdowns. Reuters calculated the September figures based on the bank's January-September data, compared with the January-August figure. The pickup in lending suggests Beijing's latest stimulus push may be gaining traction, but weak overall credit growth points to still-sluggish demand from households and businesses. Investors are now looking to third-quarter GDP data for signs that the economy, weighed down by the property slump