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CZBank boosts support to small businesses in 2021

BEIJING
2022-02-04 09:54

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BEIJING, Feb. 4 (Xinhua) -- CZBank, one of China's 12 nationwide joint-stock commercial banks, saw the balance of its inclusive loans to small businesses reach 236.55 billion yuan (37.14 billion U.S. dollars) at the end of December last year, 34.47 billion yuan more than that at the beginning of the year.

In the first three quarters of 2021, about 18 percent of the new loans went to small businesses.

The lender has pooled more financial resources to support small businesses and cooperated with 91 guarantee institutions by the end of December, involving 13 provinces.

The bank officially commenced business in 2004, with its head office in Hangzhou, Zhejiang Province.
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