Kuitunnong Issuance: Cotton purchase loans in 2021 achieved “double zero”
A few days ago, the Kuitun City Branch of the Agricultural Development Bank of China achieved “double zero” cotton purchase loans in 2021, marking the successful conclusion of the cotton purchase credit work in the previous year and laying a good foundation for the cotton credit work in the new year.
The Kuitun City Branch of the Agricultural Development Bank of China has always adhered to the main responsibility of cotton acquisition and given full play to its role as the main channel for the supply of cotton acquisition funds. In 2021, it has issued a total of 3.081 billion yuan in cotton acquisition loans, an increase of 766 million yuan year-on-year, supporting the acquisition of 127,400 cotton. tons, accounting for 37.47% of the cotton output in Kuitun City.
Faced with the severe and complex cotton market situation, the Kuitun City Branch of the Agricultural Development Bank of China rose to the challenge, took the initiative and concentrated on promoting loan collection. Through strengthening guidance, policy propaganda, multi-party linkage between governments, banks and enterprises, and taking multiple measures at the same time, cotton loans achieved the “double knot zero” goal as scheduled. Strengthen communication between banks and enterprises to form a synergy in promotions, and hold multiple bank-enterprise symposiums to actively make suggestions, analyze the market, and guide enterprises to adopt multi-channel sales.
Help textile companies purchase cotton and purchase lint cotton from processing companies to achieve the connection between production and marketing and speed up local sales. Support enterprises to actively participate in the “value-preserved loan” business and expand sales channels. As of the end of July, China Cotton Group had issued 86,300 tons of registered warehouse receipts.
In 2022, the Kuitun City Branch of the Agricultural Development Bank of China will closely focus on the decisions and arrangements of the Party Central Committee to serve and stabilize the economy, make preparations for cotton credit in the new year in advance, continuously optimize services, increase credit, and implement a high-quality customer group strategy , build a customer base with strategic customers as the main body and high-quality small and medium-sized enterprises as the supplement, ensure that loans can be extended, collected, and profitable, satisfy the government, farmers, and enterprises, and make the Agricultural Development Bank of China the leading bank in the field of cotton acquisition. The golden signboard will be polished even brighter.
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