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The banking institutions of Dandong have so far this year kept expanding service scopes and extending credit supply, and satisfactorily completed all financing tasks for the first quarter, according to a press briefing of the municipal government on banking institution credit supply and financing in the first quarter in the afternoon of April 14.
By the end of March, the city's banking institutions had 99.3 billion yuan outstanding of deposits in domestic and foreign currencies. They were up 18.4 percent year on year, and 0.1 percentage point higher than the province's average. The city's balance of loans amounted to 47.94 billion yuan in domestic and foreign currencies, up 18.9 percent year on year. They were 0.3 percentage point higher than the province's average, and fifth in the growth rate in the province.
Vice-mayor Zhao Liansheng said the city needs to maintain credit scales to ensure fulfilling the annual target of supplying an extra of 12 billion yuan loans so as to meet the city's capital demands for economic construction and the annual target of extending 20 billion yuan loans.
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