Core Viewpoint - Bohai Bank plans to optimize its asset structure and reduce capital usage by publicly transferring approximately 69.833 billion yuan of debt assets, marking the largest asset disposal action in recent years [1][2]. Group 1: Asset Details - The asset package involves 174 debt claims with a principal amount of approximately 49.937 billion yuan, interest of about 10.436 billion yuan, penalty interest of around 9.334 billion yuan, and judicial fees of approximately 0.126 billion yuan, totaling 69.833 billion yuan, with a book net value of about 48.310 billion yuan [2]. - The board has set a preliminary minimum total price of no less than 70% of the total debt amount, approximately 48.883 billion yuan, which, if achieved, is expected to yield a positive financial impact of about 0.573 billion yuan for the bank [2]. Group 2: Asset Characteristics - Approximately 55% of the principal of the debt claims is over 5 years old, indicating that these assets are primarily historical and have a high recovery difficulty [2]. - The debt types include loans (108 claims), asset management plans (32 claims), bills (32 claims), factoring (2 claims), and letters of credit (1 claim), totaling 174 claims [2]. Group 3: Strategic Intent - The transfer aims to enhance the bank's ability to serve the real economy by clearing long-standing, high capital-occupying, and illiquid assets, which is expected to significantly improve asset quality, reduce risk asset occupation, and enhance capital adequacy and profitability [2]. Group 4: Market Considerations - There are uncertainties regarding the asset disposal, including the risk for buyers at the set price and the potential for lower market acceptance, which could affect the bank's capital plans and asset quality improvement process [3]. - The potential buyers include China Cinda, Orient Asset, Great Wall Asset, Citic Financial Asset, and Tianjin Jinrong, among others [4]. Group 5: Historical Context - This is not the first instance of Bohai Bank transferring non-performing assets; in 2024, the bank previously transferred debt assets totaling 39.67 billion yuan and 207.24 billion yuan, with the total problematic assets disposed of reaching 104.465 billion yuan [4].
渤海银行启动史上最大债权转让，总规模近700亿元