The credit support for agriculture by the Qinghai branch of the Agricultural Development Bank of China (ADBC) has achieved remarkable results. At the 2012 Branch Managers Meeting of the Qinghai branch of ADBC held not long ago, it was learned that in 2011, the Qinghai branch of ADBC implemented a "dual-engine drive" development strategy, one hand grasping grain and oil purchases, the other hand focusing on new rural construction, achieving significant results in agricultural credit support. Throughout the year, various loans totaling 7.887 billion yuan were issued, an increase of 28.05% compared to the same period last year.
Firstly, consolidating traditional credit businesses and actively supporting grain and oil purchases. Carefully implementing national and local grain and oil control policies, ensuring the successful implementation of the national and local grain and oil reserve appreciation, rotation, and temporary storage plans, strongly supporting all levels of government in replenishing local grain and oil reserves, ensuring the supply of funds for national and local meat, fertilizer, and other specialized reserves. Throughout the year, 743 million yuan worth of grain and oil purchase, sales, and storage loans were issued, supporting enterprises in adjusting, rotating central and local reserve grains amounting to 111.65 million kilograms and oils amounting to 27.3 million kilograms, supporting the minimum purchase price acquisition of wheat at 48.316 million kilograms; issuing loans amounting to 889.1 million yuan, successfully completing the stripping work of commercial bank loans occupied by newly added grain financial hanging accounts from April 1, 1992, to May 31, 1998.
Secondly, highlighting key areas and strongly supporting the construction of agricultural and rural infrastructure. Seizing the favorable opportunity of strengthening urban-rural integration throughout the province, taking rural land consolidation and concentrated farmer housing construction as breakthrough points, effectively supporting the construction of new rural areas. Throughout the year, policy-based medium- and long-term loans amounting to 3.02 billion yuan were issued, increasing by 1.84 billion yuan from the beginning of the year. Strengthening strategic cooperation with water conservancy departments, successfully marketing six national and provincial-level key water conservancy construction projects, with a total project investment of 1.9 billion yuan, loan support reaching 300 million yuan.
Thirdly, highlighting regional resource characteristics and selectively supporting agricultural industrialized operations. Focusing on potassium fertilizer and other agricultural supplies business, effectively supporting the spring plowing production and local potassium fertilizer reserve plan implementation in Qinghai Province. Throughout the year, loans amounting to 1.478 billion yuan were issued, supporting the adjustment and storage of 7.9 million tons of fertilizers; issuing agricultural supplies medium- and long-term loans amounting to 923 million yuan, fully supporting the production and operation of potassium fertilizer agricultural production materials; issuing loans amounting to 841 million yuan, supporting the development of 37 leading enterprises such as cashmere, Tibetan carpets, potatoes, mutton, beef, dairy products, promoting the creation of highland ecological agricultural product brands and upgrading of the agricultural industrialization structure.
While increasing agricultural credit support, the Qinghai branch of ADBC strengthened credit basic management, promoted the institutionalization, proceduralization, and standardization of loan project acceptance work, issuing a series of guiding documents clarifying and detailing credit systems. Emphasizing learning training, supervision and inspection, rectification accountability work, improving the inspection and correction system mainly consisting of special audits, line inspections, and internal self-inspections, maintaining a high level of credit asset quality. By the end of 2011, the entire bank had maintained a zero balance of non-performing loans for 48 consecutive months. http://www.xyxdw.com/