To support the city's affordable housing project, Qilu Bank recently approved a loan for an affordable housing project in Qinghe Xinju residential community in Jinan, Shandong province. It is the first city commercial bank in the province to provide a loan for an affordable housing development project.
Qilu Bank has adhered to the market position of "serving urban and rural residents, serving small and medium-sized enterprises, and serving the local economy". The bank focuses on the three major tasks of "improving people's livelihoods, promoting development, and reducing risks" to develop special real estate credit products such as affordable housing development loans, affordable rental housing development loans, affordable rental housing purchase loans, affordable rental housing operation loans and operational property loans. The loan subjects cover various entities involved in project construction, project operation, housing rental operations and various stages of housing construction and operation. In the future, Qilu Bank aims to design credit products for various housing scenarios such as rental loans, property loans and foreclosure loans to better serve the affordable housing project.
In an effort to connect with project entities, Qilu Bank has formed a marketing team to meticulously control business processes and risk management, helping to ensure a smooth approval process and implementation of effective risk management. This has led to the successful implementation of the development loan business for the Qinghe Xinju affordable housing project, demonstrating the bank's responsibility and commitment to achieving the goal of "adequate housing for all".
In the next phase, Qilu Bank will continue to implement the strategy of the Jinan city government and closely follow policy guidance. Leveraging its own advantages, it will support the development of the housing rental market and refine credit products, striving to increase credit allocation, contribute to improving people's livelihoods and promote economic development, social stability and the sustainable development of cities.
