Cixi Industrial Bank issuing loans to small and micro enterprises

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Category: Ningbo Business

Published: Wednesday, 02 May 2012 09:13

The other day, a financing service meeting opened Landison Plaza Hotel Cixi. At the meeting, by means of joint mortgage and joint loan, 7 small and micro enterprises got credit extension loans totaling 77 million yuan by the Industrial Bank. The loans are urgently needed by the enterprises. 4 other small and micro enterprises expected to have loans.

To help small and micro enterprises overcome the difficulty in financing, the Cixi Branch of the Industrial Bank made positive response to the call of the government and started to implement programs to help middle and small enterprises offering them services of joint mortgage and loan and a batch of financing services like credit extension loans to small and micro enterprises. This year, The bank has granted loans to over 60 small and micro enterprises massive. By the end of March, the loans Cixi Branch of Industrial Bank gave to small businesses account for 47.9% of the total loans it issued