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Yizhang Financial Institutions Help Enterprises Return to Work

2020-03-15

 

Recently, Yizhang County held a signing ceremony to support enterprises to return to work and resume production. 10 financial institutions and 16 enterprises signed a total of 57 loans of 2.9 billion yuan. Among them, 20 on-site contracted projects reached 880 million yuan, and 37 intended docking projects reached 2.02 billion yuan.

 

In the face of the epidemic situation, Yizhang County has given full play to the role of financial institutions in "warming enterprises", "blood transfusion" and "oxygen supply" of enterprises' resumption of production, and let the financial "blood" flow to the front line of resumption of production. The County Agricultural Development Bank issued an emergency loan of 48 million yuan to the County Shuntong Company, with the interest rate lower than the upper limit of 0.2 percentage, for the purchase of emergency epidemic prevention materials and life support materials. The County Rural Commercial Bank and the County Agricultural Bank granted a total of 35.94 million yuan of flue-cured tobacco loans to 375 tobacco farmers to help them prepare for spring cultivation. The County Agricultural Bank of China issued a loan of 5 million yuan to Hunan Medical University. The County Rural Commercial Bank granted 5 million yuan to Hengwei Electronics and 2 million yuan to Hanzhun Technology to solve the financial difficulties of enterprises returning to work and production. The County Construction Bank took the initiative to reduce the interest rate of the original 30 million yuan loan of Improve Medical by 0.45 percentage and reduce the financing cost of the enterprises.

 

Up to now, financial institutions in Yizhang County have granted loans of 695 million yuan to enterprises and projects, and 142 enterprises have returned to work and production of 138, with a return rate of 97.2 percent.