Core Viewpoint - Bohai Bank plans to transfer a debt package totaling 69.833 billion yuan through public listing, setting a record for the largest single debt transfer disclosed by a small and medium-sized bank this year, amid pressure on asset quality [2][3] Group 1: Debt Transfer Details - The debt package consists of principal of 49.937 billion yuan, interest of 10.436 billion yuan, penalty interest of 9.334 billion yuan, and judicial fees of 0.126 billion yuan, involving 174 debtors [3] - The minimum transfer price is set at 48.883 billion yuan, reflecting a discount of approximately 30% based on the total debt amount and a discount of only 1.8% based on principal [3][5] Group 2: Asset Quality and Financial Impact - Bohai Bank's non-performing loan (NPL) ratio reached 1.81%, the highest among national joint-stock banks, with total NPLs and special mention loans amounting to 45.034 billion yuan, an increase of 2.491 billion yuan from the end of 2024 [6][7] - The bank's capital adequacy ratio decreased by 0.39 percentage points to 11.24%, and the transfer is expected to generate a positive financial impact of 0.573 billion yuan [7] Group 3: Industry Trends - Since Q4 2025, multiple small and medium-sized banks have engaged in large-scale non-performing asset disposals, with significant debt packages becoming mainstream, typically with discounts between 30% and 35% [8] - The operational focus of these banks is to release capital for new business opportunities, such as inclusive finance and green credit [8]