Increments of saving deposits and loans ranked first in Zhejiang Province
- Details
- Category: Ningbo District
- Published: Tuesday, 23 October 2012 14:24
The recently released data by the People’s Bank of China, Ningbo Central Sub-branch shows that loans by Ningbo financial institutions in the first three quarters mainly go to middle-small-micro enterprises, fields relating to agriculture, rural areas and peasants, and key projects. The saving deposits and loans increments both increased and ranked first in Zhejiang Province, followed by Hangzhou, capital city of Zhejiang.
Till the end of September, the balance of domestic and foreign currency deposit reached 1.17 trillion Yuan, a rise of 109.76 billion Yuan on the beginning of this year and 28.45 billion Yuan on last year's same period with an increase rate of 11.22%, which is 2.07% higher than that of last quarter and 1.87% higher than the average provincial level.
The balance loan-to-deposit ratio at the end of September is 100.21% and the increment loan-to-deposit ratio 100.73%.
The loan growth comes mainly from the short-term loans and sees an increase from paper financing and middle-long term loans. Loans favor middle-small-micro enterprises, fields relating to agriculture, rural areas and peasants, and key projects. The deposit increment in the first three quarters of the middle-small-micro enterprises takes up more than 90%. The deposit balance of the middle-small-micro enterprises at the end of September achieved 712.1 billion Yuan, a rise of 69.083 billion Yuan and 91.26% of the total deposit increment. The increasing rate of the loans relating to agriculture, rural areas and peasants is higher than other loans. The amount at the end of September is 407.88 billion Yuan, a rise of 46.78 billion Yuan and an increase of 17.15% over the same period of last year.
