Balance of deposits and loans for financial institutions exceeding a trillion yuan
- Details
- Category: Ningbo Business
- Published: Tuesday, 31 January 2012 10:12
News came from the Ningbo central branch of People's Bank that in 2011, both the balance of deposits and the balance of loans for financial institutions exceeded a trillion yuan in Ningbo. The loans increased by 126.32 billion yuan, which serves as an effective support for Ningbo's economic development and industrial transformation and upgrading.
At the end of 2011, the balance of the Chinese and foreign currency deposits for financial institutions reached 1.065927 trillion yuan, an increase of 90.211 billion yuan compared with the beginning of the year and up by 9.12% over the previous year. The balance of RMB deposit reached 1.043592 trillion yuan, an increase of 88.446 billion yuan and up by 9.13% over the previous year.
At the end of December 2011, the balance of the Chinese and foreign currency loans for financial institutions reached 1.067684 trillion yuan, an increase of 126.32 billion yuan compared with the beginning of the year and up by 13.41% over the previous year. In terms of the features of the loans, the investment has become more optimized by flowing to small and medium enterprises, "three rural" projects and key projects. By the end of 2011, the loans for small and medium enterprises had reached 603.837 billion yuan, an increase of 81.815 billion yuan. Meanwhile, more support was given to key projects. The balance for syndicated loans amounted to 30.352 billion yuan, increased by 12.379 billion yuan over the beginning of the year. However, the growth rate of personal loans fell sharply, for instance, the growth rate of personal housing loans dropped to 1.25%.
The financial institutions made more of their funds. At the end of the year, the deposit-loan ratio stood at 100.16%, an increase of 3.79% over the previous year.
