Bank of Jiujiang has RMB 9.002 billion green credit balance in 2019

According to the Bank of Jiujiang, as of the end of 2019, the bank’s green credit balance has reached 9.002 billion yuan, an increase of 199.77% that equals 5.999 billion yuan, compared to the beginning of the year. The bank’s compound growth rate of green credit reached 358.7% for the past three years.

According to the Bank of Jiujiang, as of the end of 2019, the bank’s green credit balance has reached 9.002 billion yuan, an increase of 199.77% that equals 5.999 billion yuan, compared to the beginning of the year. The bank’s compound growth rate of green credit reached 358.7% for the past three years.

Since 2017, when the Bank of Jiujiang established the first Green Finance Division across Jiangxi Province, the bank has engaged in the research of green finance and break some records. It is the first bank across the country to present research results of green note to support small and micro green enterprises.

It is the first urban commercial bank in China who has joined the Hong Kong Green Finance Association and co-sponsored the establishment of Jiangxi’s first green finance research institute, Ganjiang Green Finance Research Institute.

It is the first bank that launched a “Green Home” loan to support municipal sanitation and a green finance leasing platform to assist enterprises’ green transformation.

Source: financialnews.com.cn

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/bank-of-jiujiang-has-rmb-9-002-billion-green-credit-balance-in-2019/.

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