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As of the end of 2002, the balance of corporate deposits amounted to an equivalent of 262.783 billion yuan, an increase of 38.313 billion yuan or 11.74 percent up over the previous year. The balance of corporate loans totalled an equivalent of 185.818 billion yuan, an increase of 54.081 billion yuan or 34.89 percent up over the previous year. Inward and Outward remittance business reached US$18.889 billion, an increase of US$1.786 billion or a growth of 10.44 percent over the previous year. The bank, making full use of its advantage of offering financial services to government institutions, was quite active in bidding for the local financial agencies and was awarded with the qualification of the agent bank to deal with the collection business of extra-budgetary fund of the central government units, the qualification of the agent bank for centralized payment of provincial treasury of Hunan Province and the qualification of the agent bank for designated procurement fund account of Guangdong provincial government. Through the chain-like connection of the products such as Baoduicang ( a kind of hypothecated lending ), automobile finance and Gongshangyin ( another kind of hypothecated lending ), the bank developed a corporate customer cluster encompassing the automobile, steel and electrical household appliances industries and, by means of providing indirect credits to core enterprises, the bank was not only able to effectively bring the credit risk under control but also to extend the financial services to the distributors and downstream terminal customers.