Huai'an China News and Events
Huai'an Deposit and Loan Both Exceeded 500 Billion Yuan
time:2021-04-20

At the end of March, the balance of Huai'an loans in domestic and foreign currencies exceeded 500 billion yuan for the first time, reaching 504.911 billion yuan exactly. After the breakthrough of the 500-billion-yuan deposit at the end of January, the scale of Huai'an deposits and loans both went beyond 500 billion yuan at the beginning of 2021. The financial statistics from the People's Bank of China show that, as of the end of March 2021, the city's balance of deposits in domestic and foreign currencies was 538.413 billion yuan, an increase of 17.95% year-on-year and 8 percentage points higher of the growth rate. There are 48.987-billion-yuan new deposits in the first quarter, 6.253 billion yuan up over the same period. The balance of loans was 504.911 billion yuan, an increase of 20.94% year-on-year and 4.24 percentage points higher of the growth rate. New loans reached 40.560 billion yuan in the first quarter, 9.268 billion yuan more compared with the same period of last year.