Arab Today, arab today bank of china decides to cut in reserves
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Bank of China decides to cut in reserves

Arab Today, arab today

Arab Today, arab today Bank of China decides to cut in reserves

People’s Bank of China
Beijing - QNA

The People’s Bank of China decided to cut the amount of cash banks must hold as reserves by one percent from April 20, in a move to speed up economic growth, the central bank announced.

For rural credit cooperatives and banks in towns and villages, the rate of the savings deposit reserve fund will be lowered by a further one percentage point. Banks in towns and villages will enjoy the same rate as rural credit cooperatives, according to the central bank.

The Agriculture Development Bank of China will enjoy an additional two percentage points reduction.

State-owned banks and other shareholding commercial institutions that have lent a certain ratio of their money to small and micro-sized enterprises or people related to agriculture, rural areas and farmers will qualify for a cut of an additional 50 basis points in the reserve requirement ratio, Xinhua news agency reported.

This is in a bid to further enhance financial institutions’ capability to join in the nation’s efforts to optimize its economic structure, help small and micro-sized enterprises, better deal with tasks related to agriculture, rural areas and farmers, and support key water conservancy projects, according to the central bank’s statement.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank of china decides to cut in reserves Arab Today, arab today bank of china decides to cut in reserves

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank of china decides to cut in reserves Arab Today, arab today bank of china decides to cut in reserves

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday