Recently, the reporter learned from Industrial Bank that the Bank has newly established the Private Economy Department in the Head Office, co-located with the Corporate Finance Department, to further strengthen the overall management and enhance the quality and efficiency of financial services for the private economy.
“Next, our Bank will accelerate the establishment of the Private Economy Department listed at the branch level, effectively turn the solemn commitment to serve the private economy into practical action, and further improve the long-term mechanism for serving the private economy, so as to provide more quality financial services for the high-quality development of private enterprises,” said the person in charge of the Financial Department/ Private Economy Department in Industrial Bank.
Originating from Fujian, a province renowned for its vibrant private economy, IB has always adhered to the "two unshakable" principle and upheld the "Jinjiang Experience," viewing the service to the private economy as both a significant duty and opportunity. It has successively formulated and issued the Action Plan of Industrial Bank for Supporting and Strengthening the Private Economy Development and the Action Plan of Industrial Bank to Serve Fujian as a Strong Private Economy Province in the New Era, launching 28 and 26 specific initiatives respectively to fully support and strengthen the private economy. As of the end of February 2024, its balance of loans to private enterprises exceeded RMB 1.6 trillion, serving more than 290,000 private enterprise loan customers, and it has been awarded as the “Bank with Outstanding Contributions to the Service of Private Enterprises and MSMEs” in Fujian Province for four consecutive years.