BEIJING, March 4 (Xinhua) -- Chinese banking institutions had offered credit support of over 1.25 trillion yuan as of Tuesday noon to meet firms' financing needs for epidemic prevention and control, according to the China Banking Association on Tuesday.
Of the total, China Development Bank had provided loans of about 51.55 billion yuan to related firms for epidemic prevention and control and production.
Agricultural Development Bank of China and the Export-Import Bank of China had granted loans to about 78.83 billion yuan to related firms.
China’s six big commercial banks including the Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, Bank of Communications and Postal Savings Bank of China had offered a total of 317.16 billion yuan worth of loans to related firms.
12 joint-stock commercial banks including SPD Bank, China Merchants Bank and China CITIC Bank had provided 424.58 billion yuan of loans in total.
While increasing credit supply, banking institutions had donated 2.27 billion yuan and over 10.6 million items of related supplies as of Tuesday noon. (Edited by Zhang Yuan, zhangyuan11@xinhua.org)
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