More News
RETAIL FUNDS | Cesar Tordesillas, China
view(s)

Bank Of Ningbo to issue bonds worth 8B Yuan

Eight billion yuan worth of financial bonds with maturities of up to 10 years will be issued by the Bank of Ningbo.

 

The proceeds raised will be used to support lending to micro enterprises and for its personal loan business, reports caijing.com.cn, citing a company filing.

At present, China Minsheng Banking Corporation, Shanghai Pudong Development Bank, and Industrial Bank had won approval to issue a total of 10 billion yuan worth of bonds to support lending to micro enterprises.

Through the end of September, the bank had a deposit to loan ratio of 65.52 percent.

For the source of this story, click here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.