Source: Yiwu sourcing agent Author: Gary Date: 2010-10-08
Till Sep 30, balance of deposit in Yiwu branch of ABC was 20.97 billion Yuan, increased 2.465 billion Yuan from the year beginning. It became double-thousand billion branch bank from over thousand billion branch bank only for 4 years.
Yiwu branch of ABC has made outstanding product services and financial services, acted responsibility of civil society to push the local development. According to the data, at the end of September, the bank provided 7.388 billion Yuan loans to small and medium enterprises and 8.656 billion Yuan for agricultural. It gained good reputation as well as self development.
In order to support the small and medium enterprises, the bank made innovation on product, system and process. Product: it has “simple loan for small and medium enterprises”; System: It acted the power of approval of branch bank; Loan process: it improved the process and took credit rating, approval and use together to save time. Meanwhile, it innovate new trade program, basing on bank acceptance, bill purchased, packing loan, forfaiting and financial ticket to offer financing ways to small and medium enterprises.
Zhejiang Mengna Hosiery Co., Ltd met the financial crisis while going to expand in 2008, and lacking of working capital. Yiwu branch of ABC offered three times working loans of working capital although it has problems itself and textile was limited by government. The loan reached 30 million to help Zhejiang Mengna Hosiery Co., Ltd to get over the situation.
Because Yiwu is a city with strong economy, many individuals companies and small proportion of farmers, the bank pays attention to the agricultural service on rural industry, agricultural products distribution, rural services, and modern agriculture, and supports labor transfer, agriculture industrialization and rural market construction. AS the first bank to provide business loan to farmers, business infrastructure loan to market construction and set up financial service agency, it became a “deposit before loan, deposit related loan and deposit decide loan” system for individual owned business. The workers are in the front of agricultural services.
Prev:Millions of sunflowers blossoming in Yiwu Next:Huashui pipe takes opportunity to develop its own brand