ICBC lends RMB 294M to SMEs in first half

A total of RMB 294.4 billion of loans has been extended to small enterprises through ICBC small business centers, during the first six months of the year. These account for 61% of total small business loans in ICBC. The total amount of small business loans outstanding reached RMB 377.3 billion, representing 64% of the total. The result fully demonstrated the advantage of dedicated ICBC services to small enterprises.

ICBC has set up more than 1200 small business centers, turning ICBC into a commercial bank in China having the highest number of small business centers, widest service area coverage

The bank will continue to follow the requirements of "Six Mechanisms" and "Four Independent Principles" laid down by the China Banking Regulatory Commission regarding financial services to small enterprises. In order to push ahead the delivery of financial services to small enterprises, efforts will be spent to consolidate the business resources and speed up product innovation according to their different stages of growth and demands of personalized financial services. The aim is to help them prosper and loom large under a more solid base.

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Tags: SME loans