Balance of deposits and loans for financial institutions in Ningbo more than doubled within five years
- Details
- Category: Governmental News
- Published: Tuesday, 28 February 2012 11:19
Statistics show that by the end of last December, Ningbo's total banking assets and liabilities reached 1.452728 trillion yuan and 1.392335 billion yuan, an increase of 927.608 billion yuan and 881.499 billion yuan respectively over the end of 2006. The balance of deposits reached 1.065927 trillion yuan, an increase of 595.877 billion yuan or 126.8% over the end of 2006. And the balance of loans reached 1.067684 trillion yuan, an increase of 6.7668 billion yuan or 173.1%.
In recent years, the financial institutions have attached great importance to the hot topics in economic and social fields, promotion of loans to small enterprises and new rural construction. According to statistics, by the end of last December, the balance of loans by small enterprises accounted for 56.6% of all loans, with an average annual growth of 30%. Over the past five years, the paper profit for the financial institutions in Ningbo reached 86.06 billion yuan, making banking industry one of the fastest growing industries and biggest local financial revenue contributors among the tertiary industry domain.
Over the last five years, the new business types and financial products carried out by banks in Ningbo have increased to about one hundred items, and the number of innovative products has doubled. Financial products have now become an important source of property income for citizens. Besides products, the type of banking institutions has gradually enriched and service coverage expended. By the end of last year, there were 58 banking institutions (falling into ten categories). There are 1939 business terminals with 35411 employees, up by 10.6% and 43.6% respectively compared with the end of 2006. The service coverage has extended to every district and villages of the whole city.
