DEPOSITS IN ABC GUANGDONG BRANCH EXCEED CNY 350BN
AsiaInfo Services, June, 2004
AsiaInfo Services 06-24-2004 Deposits in ABC Guangdong Branch Exceed CNY 350bn GUANGDONG, Jun 24, 2004 (SinoCast via COMTEX) -- The deposits in Guangdong branchof the Agricultural Bank of China (ABC), one of the four largest state-owned commercial banks in China, have exceeded CNY 356.3 billion, CNY 27 billion more than that of a year ago,which accounts for 24.7% and has the fastest growth in the whole financial industry. Meanwhile, Guangdong branch has adjusted its loan management and marketing strategy to avoid increasing loan for fixed assets investment on the basis of the deposit growth.
Guangdongbranch is also ramping up its efforts to capitalize on more large projects. Its one hundred percent of the deposit amplitude will be injected in the construction...
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