LENDING & CREDIT | Cesar Tordesillas, China

ICBC Beijing posts over 60% growth in small business loans in 2011

ICBC Beijing branch's total outstanding small business loans grew more than 60% to nearly RMB 15 billion by end-2011.


ICBC Beijing branch has set up 10 small business financial centers in Beijing's Zhongguancun, Shunyi, Economic-Technical Development Zone where a great number of small enterprises are located. The financial centers offer integrated and one-stop financial services in "specialized, exclusive, professional" manner for small enterprises in these areas.

Total outstanding small business loans in the 10 centers surpassed RMB 8 billion by end-2011.

In order to address the "short-term, small, frequent, urgent" loans needed by small enterprises, Beijing Branch sets up the highly efficient "2+1+2" vertical approval scheme, an independent process for the approval of loans to small enterprises distinct from loans to large enterprises. Dedicated staff are assigned to approve small business loans.

Application procedures are simplified to the largest extent for faster and better approval while combining risk management and business authorization.

For 2012, ICBC Beijing branch has allocated RMB 7 billion for small enterprises to borrow as and when necessary, with an aim to fill the funding gap of small enterprises to the greatest possible extent.

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