Core Viewpoint - Guangzhou Rural Commercial Bank is actively divesting high-risk assets and restructuring its village bank system to alleviate performance pressure and reduce non-performing assets, marking a significant phase in the integration of its village banks outside the province [1][6]. Group 1: Asset Sales - The bank has listed its stakes in Suzhou Wuzhong Zhujiang Village Bank and Jiangsu Qidong Zhujiang Village Bank for a total price of approximately 146 million yuan, with financial data indicating projected net profits of 367,800 yuan and a net loss of 21.76 million yuan for 2024, respectively [1][9]. - On December 1, the bank announced the completion of a sale of over 12.25 billion yuan in debt assets to Guangzhou Asset Management Co., with 30% of the total price already paid and the remaining 70% to be paid in nine installments from 2026 to 2034 [2][3]. - The sold assets primarily consist of low-yielding assets, and the transfer price is slightly above the book value, aligning with the interests of the bank and its shareholders [2][3]. Group 2: Financial Performance - The bank's revenue for the first three quarters of 2025 was 11.02 billion yuan, a year-on-year decline of 2.35%, while net profit fell by 18.73% to 1.72 billion yuan, continuing a trend of declining performance over the past two years [9]. - The assets being sold have been in a state of loss, recording after-tax net losses of approximately 381 million yuan and 795 million yuan for the fiscal years 2023 and 2024, respectively [3][4]. Group 3: Industry Distribution - The sold assets are concentrated in the leasing and business services sector, real estate, and wholesale and retail industries, with the leasing and business services sector accounting for 38.78% of the total principal balance [4][5]. Group 4: Restructuring Efforts - Since 2025, the bank has accelerated the integration of its Zhujiang village banks, with several banks in Guangdong province already approved for absorption and merger into the bank's branches [6][7]. - The bank's strategy includes enhancing management of subsidiaries and promoting quality improvements while reducing the number of subsidiaries [6].
广州农商行加速“减负”：甩卖百亿债权落定 出售江苏两村行