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LENDING & CREDIT | Cesar Tordesillas, China
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ICBC promotes equipment leasing service to SMEs

ICBC branches are aggressively marketing the bank's equipment leasing service to SMEs to address their difficulty in accessing bank loan for production upgrade.

Tailored equipment leasing solutions for different categories of SMEs help them speed up transformation and upgrade through application of new technology, new production and new equipment.

As of today, ICBC has provided 200+ equipment leasing solutions totaling over RMB 5.5 billion to SMEs in 10+ industries, spanning 49 tier-2 cities in 11 provinces/regions.

ICBC Leasing takes full advantage of ICBC Group's vast outlet network and customer managers nationwide to reach SME customers.

SMEs can submit their application to a local ICBC branch instead of contacting with ICBC Leasing in Beijing.

Once checked and referred by the local ICBC branch, ICBC Leasing approves the application and buys the equipment, then rents the equipment to the company (lessee) as agreed in the contract. The lessee pays rent to ICBC Leasing as agreed.

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