Hengshui’s financial institutions recorded outstanding loans of 160.64 billion yuan ($23.79 billion) and 273.08 billion yuan in deposits during the first half of 2017, marking year-on-year growth of 10.12 percent and 6.4 percent respectively, according to data released on July 16.
The city saw a slowdown in the growth of household deposits with a balance of 201.07 billion yuan-- 4.77 billion yuan less than the previous year.
Compared with 2016, the balance of individual housing loans increased 2.31 billion yuan, and the balance for short-term loans taken out by non-financial organizations increased 4.04 billion yuan.
Taocheng, Shenzhou and Jizhou witnessed the biggest growth in credit. And Taocheng, Gucheng and Jizhou saw the fastest.
At the end of June, the loan-to-deposit ratio of Hengshui’s financial institutions stood at 58.83 percent, up 4.51 percent compared with the previous year.