Zhejiang Merchants Bank Vice President Luo Feng: The number of new self-operated consumer loans opened in September increased by 50% compared to the previous month.

Zhejiang Merchants Bank's Deputy President and Board Secretary Luo Feng revealed at the bank's third quarter performance briefing for 2025 that since the implementation of the fiscal interest subsidy policy for consumer loans on September 1st, the bank's consumer loan business has shown a rapid growth trend, playing a positive role in boosting consumption. In September alone, Zhejiang Merchants Bank's self-operated consumer loan new account openings increased by 50% month-on-month and 48% year-on-year; disbursement amount increased by 43% month-on-month and 42% year-on-year. The number of authorized clients for consumer loan interest subsidies exceeded 10,000, with a significant increase in both the number of loan applications and disbursements.