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CCB to Grant CNY180bn Credit Line to Binhai New Area
enorth.com.cn   2008-12-03 09:35


(Tradingmarkets)China Construction Bank yesterday entered into a strategic cooperation agreement with the Binhai New Area of Tianjin (BNAT), North China, and promised to grant an over CNY 180 billion credit line to the latter in the coming three years.

Of course, the BNAT-located large-scale projects, infrastructure construction, special industries, and SMEs (small and medium enterprises) will have the priority to enjoy CCB's credit.

The Beijing-headquartered joint-stock commercial lender has offered an aggregate credit line of more than CNY 600 billion, since the State Council, China's cabinet, came up with ten measures to expand the domestic demand and to promote the economic growth on November 5, 2008.

Several days later, CCB is scheduled to ink a series of credit cooperation agreements with someone else, said Zhang Gengsheng, general manager for the CCB Customer Department. He also estimated that the bank's credit growth would hit 13% to 15% next year.


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Editor: Zhang Jialu

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