Shenzhen banks gain hundred billion deposit in June

Published on July 19, 2011 by jasmineyu | This story has been viewed 461 views

As of the end of June, the balance held on RMB deposit of Shenzhen’s financial institutions was up to 2375.506 billion Yuan, up by 109.194 billion Yuan with an increasing rate of 22.15%, which indicate the RMB deposit appears a trend of “warming up”, according to Shenzhen Central Branch of People’s bank of China yesterday. At the same time, the increasing rate of RMB loan is still lacking in strength with its loan balance up by 10.058 billion Yuan over last month.

The data of Shenzhen Central Branch shows, the RMB deposit balance of the financial institution in Shenzhen in June is 2375.506 billion Yuan, up by 109.194 billion Yuan compared with that in May with an increasing rate of 22.15%, and up by 276.069 billion Yuan compared with that at the beginning of the year with an increasing rate of 13.15%. At the end of May, the deposit balance of the financial institutions increased by 40.74 billion Yuan over the number in April. Through comparison, it’s found that the deposit in June has appeared obvious trend of “warming up”. However, the increasing rate of RMB loan is still lacking of strength. The RMB loan balance of the financial institution in the end of June is 1536.086 billion Yuan, up by 10.058 billion Yuan over last month with an increase rate of 13.37%.

As to the phenomenon of “warming up” of the deposit, some banker analyzed, several banks in June were facing the interim inspection of their supervising department. Therefore, they were positive to attract large volume of deposit into their banking system. The increasing rate is expected to slow down in July.

Jasmine

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