Small businesses got 960 billion yuan in loans during first half

Loans for small businesses saw rapid growth in the first half of this year. Meanwhile, both the non-performing loan ratio and bad loans declined and loan quality has continued to improve.

According to the China Banking Regulatory Commission (CBRC), by the end of June, total loans issued to small businesses from the banking and financial institutions amounted to 6.39 trillion yuan (not including notes financing), 960.2 billion yuan over the beginning of this year, and 188.3 billion yuan more than the same period last year.

By the end of 2010, non-performing loans to small businesses fell to 268.2 billion yuan, 19.6 billion yuan less than the beginning of this year, and non-performing loans ratio dropped to 4.19 percent, 1.1 percent less than the beginning of this year.

By Huang Beibei, People's Daily Online