ICBC Shaoxing Branch: Striving For More Credit For Small And Medium Enterprises

Before the army and horses moved, the grain and grass went ahead.

Shaoxing branch of ICBC has been cracking down on financing difficulties of enterprises, actively striving for larger credit scale and developing more off balance sheet business, and the focus of credit has been constantly tilting towards small and medium-sized enterprises.

By the end of 9, the balance of RMB deposits of Shaoxing branch of ICBC was 11 billion 600 million yuan, 6 million 890 thousand yuan more than that of the beginning of the year, and the loan balance of RMB 12 billion 200 million yuan, an increase of 810 million yuan compared with the beginning of the year.

"The loan to deposit ratio has significantly exceeded one hundred. At present, the bank in Shaoxing county is only one of us, indicating our determination and confidence to tide over difficulties with the enterprise."

The person in charge of the bank said.

In the case of tight credit, the Shaoxing branch of ICBC is actively seeking credit from its superiors, increasing the intensity of credit, meeting as much as possible the financing needs of enterprises, and improving the contribution rate to local economic development.

In order to reduce the financing cost of enterprises, ICBC Shaoxing branch has tried every means to make use of various kinds of off balance sheet businesses such as acceptance bills of exchange and letters of credit to help enterprises get rid of their financing difficulties.

By the end of 9, the balance of the bank acceptance bill reached 5 billion 500 million yuan, the balance of international and domestic letters of credit reached 1 billion 500 million yuan, and the total amount of international letter of credit was 500 million dollars in 1-9 months, an increase of 150% over the same period last year.

ICBC Shaoxing branch supports small and medium enterprises in recent years, especially strategic emerging.

Foreign trade companies, information technology enterprises and so on, they have market or intellectual resources, but there are no factories, no machines, and no collateral for loans to banks.

To this end, Shaoxing branch of ICBC keeps innovating products to meet the needs of these enterprises.

This year, the Bank launched the "small business alliance guarantee".

In view of the characteristics of small businesses, such as wide range, short financing, frequent and fast financing, Shaoxing branch of ICBC also actively promotes products such as "net loan" and "small and micro loan", so as to meet the financing needs of small businesses to purchase equipment and raw materials in the most convenient way.

"Net loan link" allows small businesses to borrow money anytime online, and is very convenient.

Meanwhile, the Shaoxing branch of ICBC has also constantly improved the management methods of small enterprises, opening up "green channels" for small businesses, speeding up the rating, credit granting and mortgage registration of small businesses, shortening the time of loan approval and shortening the development of small businesses.