
The saving deposits of Tibet's financial institutions had hit 20 billion yuan (2.42 billion U.S. dollars) by the end of July, 2009. (Xinhua Photo)The saving deposits of Tibet's financial institutions had hit 20 billion yuan (2.42 billion U.S. dollars) by the end of July, with the month's end balance of 20.44 billion yuan, up 10.3 percent over the beginning of the year.
Such an increase represented an all-time high in the last decade, with the growth in current deposits and regular savings rising to 1.06 billion yuan and 0.84 billion yuan, respectively, over early 2009.
A leading official of the Tibet Autonomous Regional Bureau of the China Banking Regulatory Commission indicated that the sharp increase in Tibet's saving deposits resulted from the optimized services in local commercial banks and the thriving tourism sector which has boosted the revenues of various sectors of the tertiary industry.
Source: Xinhuanet