Ningbo Sees Over 300 Billion Yuan of New Domestic and Foreign Currency Loans in the First Half of the Yea

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Category: Governmental News

Published: Wednesday, 11 August 2021 15:10

In the first half of this year, Ningbo's economy showed steady growth and a positive trend, with agricultural production enjoying growth, industrial production and sales flourishing, and the service industry running smoothly.

This year, the city's financial institutions around the key areas to increase the supply of products and services, to ensure that the financing needs of the development of various industries. Statistics from the Ningbo Central Branch of the People's Bank of China show that in the first half of this year, the balance of loans in the city's domestic and foreign currencies exceeded 2.78 trillion yuan, an increase of 13.4% year-on-year and a growth rate 1.5 percentage points higher than that of the country. Among them, the balance of loans in the four major areas of manufacturing, private enterprises, small and medium-sized enterprises and agriculture increased by RMB 62.06 billion, RMB 134.18 billion, RMB 61.55 billion and RMB 52.41 billion respectively compared with the beginning of this year