AsiaNet  89370

BEIJING, May 5, 2021 /PRNewswire=KYODO JBN/ --

Guilin Bank, a local bank situated in south China's Guangxi Zhuang Autonomous

Region, incubated a multi-tiered service network characterized by widespread

village-, town-, county- and city-level service units to head for a

commercially sustainable path for boosting rural revitalization.

By the end of March, the lender has established 125 branches and sub-branches,

314 community and small- and micro-sized sub-branches, 4,094 rural inclusive

finance service units, and six village banks in Guangxi.

Benefited from its broad and four-tiered service network coverage, villagers in

the numerous localities in Guangxi now enjoy convenient financial services once

only common to urban citizens, such as small sum cash withdrawal, money

transfer, loan consulting, water and electricity fee payment, and social

insurance and medical insurance fee payment.

As Wang Shuchu, chief operating officer of Guilin Bank introduced, villages are

where the bank's rural vitalization work starts as these places usually lack

financial services and setting up service sites in homes of competent villagers

trusted by others can provide all day long service to all villagers.

Wu Dong, board chairman of Guilin Bank said that the bank is dedicated to

financial services equalization and facilitation to bring more benefits to the

vast rural areas in Guangxi.

Taking county areas as a vital access to benefit from local rural and urban

integrated development, Guilin Bank cranked up its lending to entities in local

counties to support overall industrial development, bring up local employment

and village landscape improvement, and enable rural area reforms, agricultural

modernization and rural construction.

Last year, the bank poured 48.9 percent of its newly-added loans for the

county-level borrowers.

According to Wu Dong, nowadays, there is less and less room left for urban

commercial banks to grow, but county areas are a blue sea with significant

development potential. Rural vitalization means not only a mission of the era

but also great opportunities for banks.

By the end of March, Guilin Bank and the village banks it established boasted

assets totaling 391.9 billion yuan, making it the largest local legal person

bank by assets size in Guangxi.

See the original link: https://en.imsilkroad.com/p/321234.html

SOURCE Xinhua Silk Road

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   Caption: Photo shows an employee of Guilin Bank explains the rural vitalization policies

to a villager in rural area of Guangxi. (By Jiang Chen)