It's Happening....
Both deposits and loans exceeding 1.5 trillion yuan
- Details
- Category: Ningbo News
- Published: Tuesday, 21 July 2015 09:04
According to Ningbo Central Branch of People's Bank, by the end of June, the total loans (including all currencies) of the city reached 1.538108 trillion yuan, up by 8.72% over the same period of last year; while the deposits stood at 1.506847 trillion yuan, an increase of 73.915 billion yuan over the beginning of this year. In the first half of the year, there is an increase of 80-.3 billion yuan in loans, with a clear growth of personal consumption loans.
With the steady growth of loans, the balance of RMB loans grew by 10.0%, the first time for the growth rate to return to over 10% over the past 14 months. The loans are mainly given to such fields as personal consumption, major projects construction, small and micro enterprises and agriculture. The balance of the personal consumption loans for the city reached 243.794 billion yuan at the end of June, up by 17.6% over the same period of last year, a new high since April of 2011. The rapid growth of personal consumption loans can be attributed to two factors, on the one hand, with the beneficial policies for the housing market, including the reduction of interest rates and adjustment of housing loan policies, the personal housing loans picked up. The loans in the first half of the year gained an increase of 10.023 billion yuan, which is 8.442 billion yuan higher than the growth of the same period of last year. On the other hand, with the rise of the credit card consumption and the banks' instalment policy for large cash, the personal credit card overdraft volume has soared. In the first half of the year, it increased by 10.216 billion yuan, 8.45 billion yuan higher than the growth of the same period of last year.
The balance and growth of loans for micro and small enterprises are both on a rise. By the end of June, the balance of the loans by micro and small enterprises stood at 436.911 billion yuan, an increase of 13.341 billion yuan over the beginning of the year, accounting for 25.41% of the total growth of loans for all enterprises. The loans involving agricultural elements have also increased, and the growth of urban loans for agriculture exceeded 50%.
