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March 27, 2010

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Home » District » Minhang

Banks helped customers survive crisis

ALL banks in Minhang District have followed the government's guidance by developing new financial services and helping enterprises get over the problem of lack of funds during the global financial crisis.

By the end of 2009, the balance of saving deposits in the district reached 201.49 billion yuan (US$29.52 billion), 26.9 percent more than earlier in the year; the balance of loans reached 78.22 billion yuan, 31.9 percent more than in early 2009.

Among all lending, corporate loans hit 53.36 billion yuan, 15.62 billion more than in early 2009.

In the full year, corporate loans maintained a steady and rapid growth.

In the second half of the year, the average growth rate of corporate loans stayed above 23 percent, and reached the highest 40.6 percent by end of December, with 31.44 billion yuan in term loans, an increase of 71.7 percent over early 2009, and 20.35 billion in short-term loans, an increase of 9.4 percent.

Personal loans also showed a steady increase. By the end of 2009, the balance of personal consumer loans reached 24.86 billion yuan, a 15.6 percent increase from early in the year, and among them 23.42 billion was in home mortgage loans.

With recovery in the Minhang housing market, home mortgage loans have kept increasing since last June.

By the end of 2009, business deposits reached 102.45 billion yuan, an increase of 32.6 percent over early 2009, and residents bank saving deposits hit 99.04 billion yuan, ranking second among all the districts in Shanghai. Residents bank saving deposits in Minhang District in 2009 totalled 163.27 billion yuan, less than the champion Pudong New Area, but 16.52 billion yuan more than the third district, Baoshan.



201.49 billion yuan

The balance of saving deposits in Minhang.



78.22 billion yuan

The balance of loans in Minhang




 

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