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ICBC's outstanding loans up 50 pct in Q1

2020-6-1 11:44

 

BEIJING, May 29 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC), China's biggest commercial lender, saw its inclusive loan balance rise 50 percent year on year in the first quarter to help smaller businesses tide over difficulties following the outbreak of COVID-19.

More supportive measures included increasing the credit line to a maximum of 10 million yuan (about 1.40 million U.S. dollars), according to the bank.

To reduce financing cost for small and micro-sized enterprises, the ICBC offered loans at concessional rates and deferred loan payments for these firms. More than 20,000 small businesses have extended or renewed their loans so far, the bank said.

It also ramped up efforts to innovate inclusive financial products, including specific online credit loans to strengthen contactless services, which facilitated smaller firms to restore production amid epidemic containment measures.

 

新华网北京5月29日电中国工商银行一季度贷款余额同比增长50%,帮助中小企业渡过新冠肺炎疫情后的难关。工商银行是中国最大的商业银行。


据该银行表示,更多的支持措施包括将信贷额度提高到最高1000万元(约140万美元)。


为降低中小微企业融资成本,中国工商银行对中小微企业实行优惠贷款和延期还贷政策。该银行表示,迄今为止,已有2万多家小企业延长或续期了贷款。


它还加大力度创新普惠金融产品,包括具体的在线信贷,以加强非接触式服务,这有助于中小企业在疫情防控措施下恢复生产。

 

来自: xinhua