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Small Loan Companies Develop Rapidly in Dandong

As learned from Bank and Insurance Department of Dandong Municipal Financial Authority, last year, the small loan companies in Dandong developed rapidly. 11 companies were approved and 14 companies were set up. The development of small loan companies standardized the private lending, relieved the financing problems of small and micro businesses, and conformed to the demand of the economic and financial development.

Until the end of 2014, the small loan companies in Dandong had issued the loans of CNY 3.282 billion in the whole year with the growth of CNY 787 million year on year and completed 109% of the target task of the whole year. The loan balance was CNY 1.878 billion with the growth of CNY 575 million, which was completed 125% of the target task. The loans on credit of small loan companies in Dandong accounted for 64%, which completed 128% of the target task. The business indicators all overfulfilled the target tasks of the whole year.