Bank of Gansu (02139) issued an announcement. In order to further ease the pressure on bad assets borne by the bank, the bank plans to go public...
According to the Zhitong Finance App, Bank of Gansu (02139) issued an announcement. In order to further ease the negative asset pressure on the bank, the bank plans to dispose of debt assets through public bidding. The total principal balance and interest are approximately RMB 0.653 billion. After completing the public bidding selection process, the bank confirmed Gansu Asset Management as the winner of the open bid. On December 27, 2024, the bank signed an asset transfer contract with Gansu Asset Management. According to this, the bank agreed to transfer the debt assets to Gansu Asset Management at a cost of RMB 0.115 billion.
According to the announcement, the debt assets are the bank's bad assets. The transfer of debt assets is conducive to relieving the bank's pressure on bad assets. At the same time, it is also an effective way to revitalize credit resources and make full use of market-based means to dispose of non-performing assets. It can reduce the bank's asset loss, improve asset quality, and further consolidate the foundation for the bank's high-quality development.