Balance of the deposit and loan was kept to be increased with lower increasing rate

It was learned from the scheduling conference of financial work that all the financial institutions kept operating the prudent monetary policy in the first four months of 2014. They place much more attention on vitalizing the stock of capitals, efficiently using the incremental capital and optimizing the credit structure to keep the operation for the financial market of Chenzhou city.

According to the data, till the end of this April, the total balance of deposit for all the financial institutions of Chenzhou city was amounted to 157.702billion yuan with an increase of 12.46% which was 3.81% lower than the increasing rate of last year. The new deposit was 5.972billion yuan which was 2.817 billion yuan less than last year.

As investigated and analyzed by some relative departments that because of the macroeconomic environment, the increasing rate for the whole banking system was decreasing. Furthermore, because of the single industrial structure of Chenzhou city and low price level of non-ferrous metals, the stocks were kept increasing which caused the decreasing of deposit. At the meantime, parts of the deposit were spent on different kinds of finance products issued by banks and placed on the internet finance.

Concerned for the loan, till the end of this April, the total balance of loan for all the financial institutions of Chenzhou city was amounted to 70.589billion yuan with an increase of 13.84% which was 7.06% lower than the increasing rate of last year. The new loan was 2.943billion yuan which was 2.246 billion yuan less than last year. The key reasons for the decrease of loan were reduced credit granting issued by upper level banks and the adjustment of credit granting structure.

Comparatively speaking, the capital collection work was operated better in Chenzhou city. 9.77billion yuan financing capitals were collected from this January to April with an increase of 12.86%, accounting for 48.88% of the annual task.

Zhang Aiguo- Member of Chenzhou Municipal Party Committee Standing Committee and Deputy Mayor of Chenzhou City attended the scheduling conference.