The balance of deposits and loans were with the increase of 11.41% and 14.16% respectively

It was learned from Chenzhou Financial Office that the total balance of deposits of all financial institutions of Chenzhou city hit 158.289billion yuan with an increase of 11.41% in this May, while total balance of loans hit 71.8billion yuan with an increase of 14.16%. It was a sound condition for Chenzhou city’s financial indexes. The loan-to-deposit ratio was with an increase of 0.78% to 45.36%.

It was learned from the researches handled out by the office, because of the international economy condition and periodism operation of the enterprises, the total deposits of enterprises decreased some. “Due to the downstream of international macro economy, the price of large amount of non-ferrous metals products were kept decreasing. Series enterprises bought more products under such condition and hold it to find best chance of marketing.” Said one of the principals of the office, “furthermore, some enterprises settled the accounts for series projects in the beginning of 2014. According to the data recorded by Agriculture Bank of China, Chenzhou Branch, over one billion yuan was deducted from their system to settle the projects.”

At the meantime, some new financial products released by banking industry and internet took a part of deposits of enterprises and individuals.

Concerned for the loans, though quota loan policy was carried out for 14 industries as steel, concrete, chemical, non-ferrous, and etc., especially non-ferrous, steel trading and petroleum trading, the total loans of Chenzhou non-ferrous industry still hit 8.137billion yuan. It indicated that Chenzhou city’s non-ferrous industry was with sound financial credit and powerful strength.

It was suggested by the office that followed with the prudent monetary policy, less loans can be obtained currently, so the enterprises can employ some other financing channels and tools together with the credit financing, such as debt financing, equity financing, and etc.