Increase of private deposits: 13%
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- Category: Other News
- Published: Tuesday, 23 July 2013 08:24
According to the half-yearly report of Ningbo Branch of the People’s Bank of China, affected by the high risk in the stock and gold markets, more and more people prefer to deposit their money in banks.
Statistics in the half-yearly report show that by the end of June, the balance of local and foreign currencies by the banks and financial institutions in the city reaches 1300.306 billion yuan, increased by 11.13% year on year. Of the total, the balance of private deposits amounts to 470 billion yuan, up by 13% year on year. In particular, 84.66% of the increased private deposits is of fix saving deports.
The report shows that by the end of June, the balance of local and foreign currencies by the banks and financial institutions in the city reaches 1288.212 billion yuan, increased by 12.22% year on year, and 0.57 points higher than the average of Zhejiang. Ningbo has ranked No.1 in Zhejiang for successively five months for the growth rate, which accounts for about 25% of the total increase.
Viewed from the structure, the increased loans are mainly short-term, middle-term and long-term loans and notes financing decreases. By the end of June, the balance of the short-term loans amounts to 735 billion yuan, and 3.67 points higher than the growth rates of other loans. There is also increase in middle-term and long-term loans.
By the end of June, the ratio of deposit and loan reaches 99.07%, 0.96 points higher year on year. The increase of the ratio is 87.7%, ranking the first in Zhejiang, indicating the efficiency of fund utilization.
According to the report, in the first half this year, the loans are mainly granted to real economy. Preference of loans is given to enterprises, key projects, housing projects, small and micro enterprises, and agriculture.
