Urumqi Bank: Credit To Support The Development Of Textile And Garment Industry

Since this year, Urumqi bank has insisted on financial support for textile and garment industry as an important starting point to implement the tasks of "six stabilities" and "six guarantees", and has taken various measures to support the operation and development of textile and garment enterprises.

Xinjiang Yuhua Textile Technology Co., Ltd. is a company mainly engaged in cotton textile processing and cotton trade. Urumqi bank established a credit relationship with the company for the first time in 2018, so far it has issued 4 credit funds with the amount of 160 million yuan.

In view of the characteristics of textile and garment industry, Urumqi bank has formulated differentiated support policies, increased credit supply, and helped textile and garment enterprises play a special role in solving employment and poverty alleviation. The bank does not withdraw loans, pressure loans and continue to lend to existing credit customers. According to the needs of enterprises, the bank will handle the renewal, extension and extension of loans to ensure that the business operation will not be affected by the epidemic situation; it will reduce the loan interest rate, and give preferential credit policies in terms of credit line, term and guarantee method, so as to reduce the financing cost of enterprises to the maximum extent; and coordinate and coordinate the enterprises with temporary repayment difficulties affected by the epidemic situation Rectify overdue credit records, and appropriately improve the tolerance of bad credit, so as to ensure that the credit investigation of enterprises will not be affected.

The head of Urumqi bank said that the bank will further carry out investigation and research, implement precise credit support for the textile and garment industry, help enterprises broaden financing channels, adjust and upgrade the structure, and play a greater role in expanding employment and poverty alleviation.