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Yuyao granted more loans to enterprises

According to Yuyao Branch of the People's Bank of China, in the last year, the banking institutions in Ningbo further strengthened their services to the real economic bodies. In the squeezing macro economic situation, they made great efforts to support middle and minor enterprises and contributed to the stable and healthy development of the local economy. By the end of December 2011, the balance of domestic and foreign currency loans of Yuyao amounts to 95.86 billion yuan, 11.89 billion yuan more than the beginning of the year. Of the total, the balance of loans to small and medium-sized enterprises reaches 66.41 billion yuan, 8.44 billion yuan more than the beginning of the year. The total of loans to small enterprises accounts for over two thirds of the total of loans.

In the last year, Yuyao issued "Notice on Improving Financial Services for Middle and Small Enterprises", which provided a policy support for the development of small and medium-sized enterprises. In the meanwhile, the city took a series of actions to create a good environment for the financing of small and medium-sized enterprises.

All the financial institutions strengthened the support to the emerging industries. So far, 41 key scientific and technological programs of the city have got loans from the banks, which add up to 5.3 billion yuan. By the end of last year, the balance of loans reached 3.8 billion yuan, increased by 32% above the same period of the previous year, 16.26 points above the average growth rate of loans in the city

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