Home » Economy » China Agricultural Development Bank issues 14.63 billion US dollars in loans online

China Agricultural Development Bank issues 14.63 billion US dollars in loans online

2023-05-15 02:15:00

BEIJING, May 15 (Xinhua) — The Agricultural Development Bank of China, a rural policy bank, issued online loans worth 101.68 billion yuan (regarding 14.63 billion U.S. dollars) to more than 60,000 micro and small enterprises by the end of April.

Outstanding online loans to small and micro enterprises totaled 10.58 billion yuan by the end of April.

In recent years, the Bank has continued to actively develop its digital lending capabilities, while enhancing its online credit support to micro and small businesses.

The Bank will continue to enrich its policy toolkit to provide more support to small and micro enterprises, and to promote high-quality development of the real economy with the digital transformation of its credit business. /ts/

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