Core Viewpoint - Gansu Bank has signed an asset transfer contract with Gansu Asset Management Co., Ltd. to sell an asset package for 15.3 billion yuan, marking the eighth asset sale since 2021, with a total transfer of over 23.7 billion yuan and actual recovery of less than 16.3 billion yuan [2][6]. Group 1: Asset Transfer Details - The asset package has a total book balance of approximately 19.719 billion yuan, including a principal balance of about 17.864 billion yuan and accrued interest of about 1.855 billion yuan [3]. - Gansu Bank has made a provision for impairment of 4.797 billion yuan, resulting in a net book value of approximately 14.922 billion yuan, indicating a transfer premium of 2.5% over the net book value [3][4]. - The assets being sold are in a continuous loss state, with pre-tax losses of approximately 669 million yuan in 2023 and further deterioration in 2024, with pre-tax losses expanding to approximately 903 million yuan [3][4]. Group 2: Composition of Assets - The asset package consists of 63% financial investment assets (non-credit bad debts), including trust products (7.623 billion yuan), asset management plans (4.098 billion yuan), bonds (1.859 billion yuan), and private equity funds (199 million yuan) [3][7]. - Traditional credit assets account for only 37%, with a total principal amount of 4.085 billion yuan, distributed across wholesale and retail, real estate, manufacturing, and exploration industries [3]. Group 3: Industry Trends and Implications - The banking industry is accelerating the disposal of non-credit bad assets, which, while different from traditional credit assets, still negatively impact asset quality and operational efficiency [4][5]. - The payment for the asset transfer will be made in installments, with an initial payment of 8 billion yuan due within five working days, and the remaining 7.3 billion yuan to be paid over five years [4]. - This asset sale is expected to alleviate historical burdens on the bank, improve asset quality, reduce provisions and impairment losses, and enhance profitability [5]. Group 4: Financial Performance - As of the end of 2024, Gansu Bank's total assets reached 414.708 billion yuan, a year-on-year increase of 6.7%, but the bank's operating income decreased by 10.7% to 5.954 billion yuan, marking the first decline in net profit in five years [9]. - The non-performing loan (NPL) balance was 4.341 billion yuan, with an NPL ratio of 1.93%, which is still below the average level of commercial banks [8][10].
甘肃银行出售200亿低效资产包 非信贷类不良处置加速