IB positions inclusive finance as one of its five new racing tracks of business transformation and development, continuously increases the credit grant to key areas of inclusive finance such as small and micro enterprises, positively embraces the trend of digital development, comprehensively reinforces and improves the financial services to small and micro enterprises, and extends inclusive financial services to small and micro enterprises practically, and from cities to the vast rural areas. By the end of 2022, IB’s loan balance of small and micro businesses has reached RMB 1,196.335 billion, the loan balance related to agriculture was RMB 580.982 billion, and IB ranks No. 1 among the Chinese joint-stock banks in terms of the increase of inclusive loans to the public and of the loans related to the agriculture.
Responding to the trend of “digital transformation” of inclusive finance, IB has been developing the “IB Inclusive Platform” by building platforms, expanding scenarios and gathering data to break the bottleneck of information asymmetry and help micro, small and medium-sized enterprises get out of financing difficulties. It has constructed four product systems, namely, “Quick Easy Loan”, “Quick Mortgage Loan”, “Quick Secure Loan”, and “Quick Delivery Loan”, and launched a series of online products for inclusive financing scenarios, so that more micro, small and medium-sized enterprises can enjoy such timely services. In addition, IB continues to deepen the implementation of the “stability on six fronts and security in six areas” tasks, and continues to increase the efforts to help enterprises and industries in financial difficulty. During the year, IB’s branches and the borrowers jointly negotiated the deferment of principal and interest repayments in accordance with the market-based principles for loans to small and micro enterprises that would expire in the fourth quarter of 2022 and are in temporary distress, and the deferred loans will accrue interest normally, which is supported by special policies such as having no downward adjustment of risk classification and implementation of due diligence exemptions to effectively reduce financing costs for micro, small and medium-sized enterprises and help those enterprises to develop steadily in the long run. IB continues to focus on public services and people’s livelihoods, such as education, healthcare and social security services, and takes the initiative to strengthen the financial support for projects to make up for shortcomings in people’s livelihoods, and deepens the construction of scenario ecosystems in the livelihoods by combining digital inclusive technology to effectively help improve the quality and level of public services.