BEIJING, Oct. 6 (Xinhua) — The Industrial and Commercial Bank of China (ICBC), the country’s largest commercial lender, has stepped up financial support for the agricultural sector, aiming to strengthen its high-quality development .
As of the end of August, ICBC’s agriculture-related loan balance reached around 4 trillion yuan (about $557.12 billion), according to bank sources.
The bank has developed a series of financial products to provide accurate and appropriate credit support to customers in key areas such as food supply and the seed industry.
At the end of August, ICBC’s lending balance in these key areas totaled 140 billion yuan.
The bank also offered rural customers special services, such as reduced bank card and deposit fees and special financial products.
At the end of August, ICBC issued more than 45 million bank cards on the occasion of rural revitalization, to provide greater support in activating the rural market and promoting consumption in this area.
2023-10-06 08:17:41
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