Bank-enterprise financing docking meeting held
- Details
- Category: Governmental News
- Published: Tuesday, 04 November 2014 10:02
On 28 October, the Ningbo Municipal Branch of China People's Bank and Ningbo Municipal Financial Office jointly held a financing docking meeting for the financial institutions and major public welfare projects in Ningbo. At the meeting, 12 banks in Ningbo, including the Ningbo Branch of China Development Bank, signed cooperation agreements with 11 enterprises involved in the major public livelihood projects. It is agreed that a total of 46 billion yuan will be invested to support such projects as the demolition of old houses, transformation of some urban villages, smart sewage system construction and river and stream rectification. Meanwhile, the related enterprises can enjoy considerable preferential treatment and convenience in terms of repayment, interest rates and comprehensive services.
Over the past few years, the financial institutions in Ningbo have made great progress in supporting people's livelihood projects. Since the beginning of 2013, over 180 billion yuan have been invested in major projects. By the end of September 2014, the balance of loans for some related projects stood at 121.543 billion yuan, an increase of 20.97% over the same period of last year.
