Financial & Insurance Industry

Financial & Insurance Industry

There are 85 kinds of financial institutions in the city, ranking the highest in the city of weihai.

I.Banking Industry

At the end of 2016, the loan balance of all foreign currency loans in the whole city was 500.59 billion yuan, with an increase of 6.205 billion yuan compared with the beginning of the year, and the loan-to-deposit ratio reached 72.31 percent.

II. Securities and Insurance Industry

There are 4 securities sales departments, respectively areQilu Securities rongcheng business department, Citic Wantong Securities rongcheng sales department, Guangfa Securities Shidao business department, Qilu Securities Shidao business department.In 2016, the premium income of 33 insurance financial institutions was 1.596 billion yuan, up 17.27 percent year on year, and the total compensation was 718 million yuan.

III.Local Financial Institutions

There are 23 local financial institutions, including 1 venture capital firms, sixsmall loans companies , 1 microcredit branch , fourpawn shops , two financing guarantee companies, four folk capital management companies, one private capital registration service company, 4 new type of rural cooperative financial pilots.By the end of 2016, there were 223 loans and 405 million yuan loans from six small loan companies, with a loan balance of 848 million yuan.Realized operating profit of 326.5 million yuan, and paid tax of 13.39 million yuan.The total investment of four private capital management companies was 43, 901,500 yuan, and the investment balance was 97.91 million yuan.