It was learned from People's Bank of China, Chenzhou Central Branch, till the end of this June, total deposits balance of the financial institutions of Chenzhou city was amounted to 211.638billion yuan, up 18.92% and 17.736billion yuan more than early this year, while the total loan balance was 104.158billion yuan.
From the beginning of 2016, the financial institution fully implemented the measures of structural reform in supply front and helped enterprises to decrease cost. People's Bank of China, Chenzhou Central Branch applied different monetary polices and well met the liquidity demands of financial institution. 100million yuan reloans for agriculture, 250million yuan reloans for poverty alleviation, 110million yuan re-discounts, and 10million yuan stand-by loans were issued by it. In the meantime, it implemented the policy of "decreasing reserves" comprehensively that all the qualified county corporations and "three-rural financial department" of Agriculture Bank of China were approved to decrease 1-2% reserves. It greatly helped to increase the available funds for banks.
Agriculture Development Bank of China took active actions on obtaining the state's special funds and favored the enterprises with national favorable policies. 1.029billion yuan new key construction funds were issued by the bank on 22 key projects concerned about water conservancy, rural infrastructure, education of poverty stricken area. The rate is even lower than benchmark interest rate. On the process of regulating the loan fees, the commercial banks of Chenzhou city innovated different services, which helped to solve the financing guarantee problems faced by small and medium-sized enterprises effectively.
Till the end of this June,4.108billion yuan new loans were issued to the small and medium-sized enterprises, accounting for 39.02% of the total,up 40.71%. In the meantime, the average rate of the loans is 6.9%, down 0.88%.