Over 80 enterprises get credit support of 7.1 billion yuan
- Details
- Category: Ningbo Business
- Published: Tuesday, 30 July 2013 13:44
“The bank promises to offer us the original credit line and a 10% lower ratio of interest. This will bring us out of the financial trouble, bringing us new chances to develop,” according to the man in charge of an electronic company from Cixi.
The overall development of the company, whose main business is electronic elements and components as well as LED lighting appliances, is fine. However, since the beginning of the year, the capital supply has been nearly stopped. The Industrial and Commercial Bank of China, the only creditor of the company, put forward a solution to help the company out.
Since the beginning of the year, Ningbo Banking Regulatory Bureau, Ningbo Financial Services Office and district banks work together to help enterprises go through difficulties. Under the policy of “one bank to one enterprise”, 80 enterprises have been on the list and will get a credit of 7.153 billion yuan from 35 banks.
Ji Ming, director of Ningbo Banking Regulatory Bureau, said that in the next half of year, banks will continue to work with government departments to help enterprises out of financial troubles and promote the economic development.
