Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Policy

China Everbright Bank promises more credit support for real economy

April 03, 2023


Abstract : China Everbright Bank, one of the country's leading lenders, has pledged more credit support for the real economy in 2023.

File photo shows a worker counts Chinese currency Renminbi (RMB) at a bank in Linyi, east China's Shandong Province. (Xinhua/Zhang Chunlei)

BEIJING, April 1 (Xinhua) -- China Everbright Bank, one of the country's leading lenders, has pledged more credit support for the real economy in 2023.

The bank will this year increase credit support for key areas, including advanced manufacturing, scientific and technological innovation, green finance and inclusive finance, to ensure credit growth in these areas is higher than its overall loan growth, said Wang Zhiheng, president of the bank.

The bank's total loans amounted to 3.57 trillion yuan (519.52 billion U.S. dollars) at the end of last year, an increase of 8 percent from the start of 2022.

The lender's outstanding medium- and long-term loans to the manufacturing sector hit 193.6 billion yuan at the end of 2022, up 40.7 percent from a year ago, while outstanding loans to small and micro enterprises reached 305.3 billion yuan, up 28.8 percent from the end of 2021.

The bank's net profits totaled 45.04 billion yuan in 2022, up 3.2 percent year on year.

Its non-performing loan ratio stood at 1.25 percent at the end of last year, unchanged from the start of 2022. 

Scan the QR code and push it to your mobile phone

Keyword: credit support China Everbright Bank

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial