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ICBC Reports Surge in Savings Deposits
Savings deposits in the Industrial and Commercial Bank of China (ICBC) increased 57.3 billion yuan in January this year, double the figure of same period last year.
This brings the total savings deposits at the bank to 1,770.9 billion yuan at the end of January, according to latest statistics from the ICBC, a major state-owned commercial bank.
Bank sources attribute the surge to rapid economic growth, increase of residents' disposable income, and newly adopted measures by the bank to promote the individual deposits.
In 2001, the bank will try every means to attract idle or interim money on the capital market, money market and insurance market.
The bank also plans to attract individual deposits by providing new and better services to consumers. Measures will be taken to attract overseas individual foreign exchange remittance and deposits.
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