平安银行同日发布两期转让项目：第70期与第71期，基准日均为2025年10月14日。第70期包含33,631笔 贷款，未偿本息总额为4.77亿元；第71期含27,522笔贷款，未偿本息总额为3.28亿元。两个资产包均全 部为损失类、纯信用贷款，且全部处于"未诉"状态。 建行湖南省分行则挂牌2025年第4期项目(重新挂牌)，规模相对较小：481笔贷款、294户借款人，未偿 本息总额2854.58万元。该资产包加权平均逾期天数为425天，全部未进入诉讼程序。其他费用达378.19 万元，主要由违约金、年费及手续费构成，不含诉讼费或律师费。 三类资产包在交易结构上呈现高度一致性：均采用线上多轮公开竞价方式，不设保证金，不使用银登中 心标准协议文本，也不通过银登中心办理资金结算。邮储银行要求受让方在竞价成功后7个工作日内签 署协议，3日内付款；平安银行与建行则要求3日内完成协议签署及全额付款。这种安排凸显银行对快速 完成债权交割、实现风险隔离的诉求，而非追求高溢价回收。 多家银行密集挂牌信用卡不良资产 邮储、平安、建行等推进风险出清 作者 胡群 11月24日，邮储银行(601658.SH)、平安银行(000001.S ...

Core Insights - The market for transferring credit card overdraft non-performing assets has become more active, with 23 announcements made since November, indicating a shift towards shorter overdue asset packages and a high proportion of non-litigious assets [1][2] Group 1: Market Activity - As of November 20, 2023, the China Banking Asset Registration Center has issued 23 announcements for the transfer of personal non-performing loans related to credit card overdrafts, with Ping An Bank being particularly active, issuing 9 announcements [2] - The total amount of outstanding principal and interest for individual non-performing asset packages ranges from several million to tens of billions, with a notable example being a package from Minsheng Bank totaling 5.142 billion [2] - Most credit card overdraft non-performing asset packages have overdue periods exceeding 1500 days, with some exceeding 2400 days, while some major state-owned banks are experimenting with shorter overdue periods [2] Group 2: Asset Characteristics - The proportion of non-litigious assets is increasing, which may facilitate faster disposal of non-performing loans; for instance, in a recent announcement by Ping An Bank, only 7 out of 32,703 non-performing assets were litigated [4] - The average discount rate for overdue assets is significantly influenced by the overdue period, with assets overdue for less than one year averaging a discount rate of 12.6%, compared to only 1.8% for those overdue for more than five years [4] Group 3: Industry Trends - The batch transfer of non-performing assets has become a primary method for banks to manage retail non-performing loans, with rising non-performing rates across various retail loan types, including credit cards and personal consumption loans [5][6] - There is a recommendation to include mortgage assets in batch transfer pilot programs and to involve individual investors with strong risk tolerance to enhance market activity [6]

Core Viewpoint - The recent announcements by Bank of Communications regarding the transfer of non-performing loans indicate a significant acceleration in risk clearance within the banking sector, particularly focusing on credit card debts [1][2]. Summary by Sections Non-Performing Loan Transfers - Bank of Communications has announced the transfer of multiple non-performing loans, including credit card overdrafts totaling approximately 17.9 billion yuan and 607 million yuan, alongside personal consumption and business loans from its Sichuan and Hebei branches, amounting to around 38 million yuan and 15.07 million yuan respectively [1][2]. - The bank's strategy reflects a broader trend among various banks, including China Construction Bank and Minsheng Bank, to actively offload non-performing assets, although market valuations for such assets remain under pressure [1][2]. Market Dynamics and Valuation - The market for non-performing credit card assets is currently characterized by low valuation and limited buyer interest, as evidenced by Ping An Bank's recent transfer of a 1.033 billion yuan asset package that sold for only 93 million yuan, representing a discount of less than 10% [1][7]. - The overall trend indicates that while banks are eager to clear these assets, the secondary market's willingness to absorb them at reasonable valuations is lacking [1][7]. Characteristics of Non-Performing Assets - The non-performing loans being transferred by Bank of Communications include a significant number of overdue accounts, with average overdue days exceeding 2000 days and borrowers averaging around 41 years old [2][3]. - Other banks, such as Minsheng Bank, are also focusing on large-scale transfers of non-performing credit card debts, with their sixth project involving 148,351 loans totaling 5.142 billion yuan, all classified as loss category with no collateral [3][4]. Regulatory Environment and Market Efficiency - Recent regulatory changes have facilitated the inclusion of non-performing asset disposal into regular banking operations, enhancing efficiency and asset quality stability [8][9]. - The role of the Credit Asset Registration and Transfer Center has been pivotal in accelerating the turnover of non-performing assets, with banks increasingly opting for rapid clearance at significant discounts to optimize their balance sheets [9]. Risk Trends in Retail Loans - The overall non-performing loan ratio for various retail loan types, including credit cards, is on the rise, indicating an emerging risk landscape within the retail banking sector [9].