Tianjin Branch of the Agricultural Development Bank of China issued an emergency loan of 87 million yuan to aid in flood prevention and fighting
Recently, under the influence of typhoon “Dusuri”, extreme rainfall occurred in the Beijing-Tianjin-Hebei region, causing floods and geological disasters. The flood situation is an order. The Tianjin Branch of the Agricultural Development Bank of China conscientiously implements the decision-making and deployment of the head office party committee and the municipal party committee and government, responds quickly, takes action first, launches the emergency plan as soon as possible, actively meets the financing needs of Tianjin’s flood control and fighting, and fully promotes the investment of funds. Practical actions reflect the temperature and speed of financial services.
On August 7, 2023, the Tianjin Branch of the Agricultural Development Bank of China approved the first emergency loan of 87 million yuan and issued 9.5 million yuan to support Tianjin Jinghong Investment and Development Group Co., Ltd. Strengthen the “financial dam” of flood control and flood fighting.
Quickly activate emergency plans. The party committee of the bank immediately held a special meeting to study and deploy the work to deal with the disaster. The whole bank took action upon hearing of the “flood” and quickly entered a battle state; set up a special team for financing and docking services, and actively communicated with the municipal emergency management department and district governments. Quickly identify the needs of emergency funds in various districts, and match up with enterprises with financing needs one by one; report the disaster situation in Tianjin to the head office in a timely manner, apply for special quotas, and fully support flood prevention and fighting work.
Open up green approval channels. In accordance with the principle of handling special and urgent matters, open up a green approval channel for emergency loans, arrange special personnel to follow up, review and approve, simplify the process, improve efficiency, respond to emergency fund needs in the fastest time, and effectively provide financial services for flood prevention and relief Assure.
Fully promote loan issuance. After the flood situation, the capital needs of enterprises are urgent and large-scale. After learning of the company’s funding gap, the bank communicated with the company as soon as possible, connected services throughout the process, formulated financing plans in a timely manner, coordinated with branches and sub-branches, paralleled loans, reversed construction schedules, worked overtime, and successfully completed the investigation of 87 million yuan in emergency loans Evaluate, review and approve, and realize the first capital investment.
In the next step, the Tianjin Branch of the Agricultural Development Bank of China will always adhere to the supremacy of the people and the supremacy of life, closely follow up on the financing needs of flood control and rescue in various districts, such as dam reinforcement and drainage pumping station upgrades, and continue to increase credit extension, so as to win the flood control for Tianjin Provide strong financial protection for the tough battle against floods and disaster relief.
