Nanchong Branch Banking Secretary Yan Liren presentation, biological asset-backed loans as advertisement banks, livestock corporations and planters, their own alternatively a third human namely propagating pigs, cows and additional live animals for collateral apt banks for loans, way to honor asset. He said the province's Nanchong City Commercial Bank to open premier of its kind, to attempt to crack the livestock financing difficulties Nanchong made useful reconnaissance.
Large White pigs and Landrace pigs white body and tail only twelve centimeters long. Duroc covered with gold, build a digit of relatively svelte.
investigators first-hand information, Nanchong City Commercial Bank General Manager, Agriculture, Dr. Chang-lun Fang, members of the Group and then as a loan company visits, 900 million to finalize the loan.
to Ping, which is the incipient breeding 866 pigs, only accustom to build species, only the next generation of growth as bargains to the pig breeding business, a pig tin be sold at 4,000 yuan at fewest, is many greater in the general merchandise
mortifying case of loans: banks are not secured from the
behind 3 months of rigorous reiterate, Nanchong City Commercial Bank at the end of June this annual, unlocked the sum of biological assets mortgage loans.
as corporate investment, this group of pigs transported to Nanchong, Sichuan Animal Husbandry Technology Co., Ltd. Zhao days to feel firm liquidity.
Nanchong Branch Banking Secretary Yan Liren introduction, the orthodox banking manufacture have a mentioning that goes .
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that 866 pigs were in January 2008 from the Air Canada airplane ride over 747 high-tech piglet, per pate amount of 3 million.
bank loans to the commerce survey is the obligation for the level to the enterprise to discern what happens.
finally see the legendary pigs: Large White pigs, Landrace and Duroc pigs.
profitability. Enterprises have access to national subsidies livestock experts, animal husbandry employees are basically the undergraduate and graduate students, personnel structure is rational.
Why is it so valuable that 866 pigs? Why defiance to use from the bank as collateral, lend colossal amounts of money? Financial sector in the Nanchong this case triggered a mighty repercussion. It is reported that this is the first case in the province in the country are rare.
introduced Ringo Ma, general manager of the company he ran from the bank beginning in 2008, to a nailed structure or the company as collateral for loans of these pigs.
Nanchong account director by a commercial bank, said there is explicit risk in the control provisions generally do no live with a pledge.
Is that these pigs were secured loan of 9,000,000 yuan
amazing line bank expression, because alive there is a big risk animals, not bank ambitioning to borrow to them.
've never encountered this collateral, outlook the purchase receipt,
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Ringo Ma said that they voyaged all overthe Nanchong nearly entire important banks, the banks subserve the strength of enterprises, the company ambitions to pigs as collateral to banks for mortgage loans.
collateral even although a team of pigs, merely in the eyes of the truce, they and other collateral,
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the end of March this year, try holding the psychological, Ringo Ma Nanchong City Commercial Bank to submit the
loan petitions paperback, ,
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arrived in vivo as: crack livestock financing difficulties
recommended by the Banking Committee,
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bank loan applications must be submitted survey
risk control: from the 9 million loans for credit
loan principal, in array to control credit risk.
mortgage loans from the bank actually 900 million. August 28, China Central Television
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