Top News
Industrial Bank's outstanding green finance loans exceed 800 bln yuan
Last Updated: 2018-10-29 11:25 | Xinhua
 Save  Print   E-mail

The Industrial Bank (IB) had seen its outstanding loans of green finance reach over 800 billion yuan (about 115 billion U.S. dollars) by the end of September.

More than 16,000 enterprises had received over 1.6 trillion yuan of green finance from the bank by the end of last month, said IB's president Tao Yiping.

Tao said the bank aims to have over 10,000 clients of green finance services by 2020, with outstanding loans exceeding one trillion yuan.

Founded in 1988, the joint-stock commercial bank is a pioneer in the development of green finance in China. Over the past 10 years, IB has formed a green product and service system with a complete product line of green finance and risk management.

Green finance is designed to encourage more private capital to enter green sectors and stop investment that might pollute the environment.

China announced in 2016 that it will establish a national green finance mechanism, the first of its kind in the world.

Share to 
Related Articles:
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
About | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved
Industrial Bank's outstanding green finance loans exceed 800 bln yuan
Source:Xinhua | 2018-10-29 11:25
Share to