Green credit in favor of 667 energy saving and discharge reduction projects

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Category: Ningbo News

Published: Monday, 04 June 2012 10:07

According to Ningbo Office of China Banking Regulatory Commission, since the last year, the banks in Ningbo have adhered to the conception of "green credit" to promote energy saving and discharge reduction in enterprises. By the end of April in this year, 7 large banks in Ningbo have granted loans to 667 energy saving and discharge reduction projects, 82 ones in this year. The loans add up to 13.082 billion yuan, up by 16.2% this year. 10 enterprises were squeezed of 121 million yuan for they were not up to the environment standard.

At present most of banks in Ningbo have "green" credit granting policies, and procedures, which aim to strengthen the credit granting administration and improve the mechanism of "green credit".

A related person of Ningbo Office of China Banking Regulatory Commission said that from now on, the city will guide banks to stick to the conception of green credit and to strengthen the coordination with local departments so as to adopt workable measures for environment protection promote energy saving and discharge reduction and guard against credit risks