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Luzhai Rural Commercial Bank boosts high-quality development of county economy
 
Date:2019-02-20 By:Jiqiang Yang Source:Liuzhou Daily

Thanks to the strong support by the Luzhai Rural Commercial Bank, the GDP of Luzhai County, Liuzhou City increased by 13.3% in 2018, 6.5 percentage points higher than the growth rate of Guangxi, 6.9 percentage points higher than that of Liuzhou City, rising against the back drop trend for six consecutive years and achieving a high-quality development. It is reported that Luzhai Rural Commercial Bank increased credit support to economic development in 2018, with its loan balance reaching 6.331 billion yuan at the end of 2018, accounting for 41.75% of the total loan balance of financial institutions in the county, which made a positive contribution to the high-quality development of Luzhai County’s economy.

To promote rural vitalization, the bank launched an unsecured credit loan with a maximum amount of 300,000 yuan by combining relevant policies and the actual situation of the key planting and breeding households, which effectively solved farmers’ difficulty in financing. Thanks to the 2.167-billion-yuan loan supported by the bank, 71 new modern characteristic agricultural demonstration zones were established in Luzhai County last year, with 498 farmers' professional cooperatives and 108 family farms. The total output value of agriculture, forestry, animal husbandry and fishery in the county reached 6.022 billion yuan, with an increase of 4.5%, and the per capita disposable income of rural residents reached 14,152 yuan, with an increase of 10.0%.

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