On December 19, Industrial Bank Co.,Ltd. announced the approval of additional related-party transaction quotas for China National Tobacco Corporation (China Tobacco) and its affiliates. The bank's 11th Board of Directors approved an additional RMB 39.5 billion in deposit-related transaction quotas for 2025.
The total approved related-party transaction quota amounts to RMB 358.409 billion, including:
- Credit-related transaction quota: RMB 23 billion
- Non-credit-related transaction quota: RMB 335.409 billion
These quotas will take effect upon shareholder approval and remain valid for three years.
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