CHINA'S AG BANK ISSUES US$39 BLN LOANS TO SMALL BUSINESS IN H1

BEIJING, Aug 29, 2008 (AsiaPulse via COMTEX) -- SBCO | Quote | Chart | News | PowerRating -- The Agricultural Bank of China (ABC) issued 266.5 billion yuan (US$39 billion) loans to small enterprises in the first half this year, with 172.2 billion yuan to prime customers.

By the end of June, ABC had developed 530,000 small-enterprises clients, and its outstanding loans to the small enterprises reached 259.7 billion yuan.

The bank has been taking great pains to support agriculture-related small enterprises, and to improve its financial service to small and medium-sized enterprises.

The bank has tailed a credit mechanism for small and medium-sized enterprises clients, and made innovation in admission, guarantee, procedure and authorization, establishing a credit policy different from that of key customers.

(XIC)

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