Group 1 - Jinshang Bank announced an asset transfer agreement with Jinyang Asset Management Co., Ltd. to transfer over 1.4 billion yuan of non-performing assets for a consideration of 310 million yuan [1] - The non-performing asset package involves bad debts from eight corporate clients, totaling approximately 1.421 billion yuan, including principal, penalties, interest, and related fees [1] - The proceeds from the asset transfer will be used to offset losses and reduce the bank's non-performing loan ratio, promoting sustainable high-quality development [1] Group 2 - Jinshang Bank, established in October 1998 and listed on the Hong Kong Stock Exchange in July 2019, has 154 branches across 11 cities in Shanxi Province [1] - As of June 2025, Jinshang Bank reported total assets of 388.26 billion yuan, a non-performing loan ratio of 1.77%, and a provision coverage ratio of 215.00% [1] - Currently, only Jinshang Bank and Shanxi Bank remain as city commercial banks in Shanxi Province, with Shanxi Bank having total assets of 359.345 billion yuan and 308 branches across 10 cities [2][3]
晋商银行14亿不良出表地方AMC接盘