An announcement regarding the transfer of non-performing assets has been issued by Bank Of Nanjing Co.,Ltd. on the China Banking Credit Asset Registration and Circulation Center website.
This concerns the bank's 2026 Phase 1 individual non-performing loan transfer project, specifically for credit card overdrafts. The asset package consists of 604 individual loans involving 499 borrowers. The weighted average number of days these loans are overdue is 553.44 days, and the weighted average age of the borrowers is 44.73 years.
Disclosed details show the total outstanding principal of the asset package is 988.851 million yuan, with total unpaid interest amounting to 243.181 million yuan. This brings the total outstanding principal and interest to 123 million yuan.
Regarding the five-category classification of the assets, 601 loans are classified as a loss, while 3 are classified as doubtful.
Potential acquirers of the asset package must agree to specific conditions. These include having conducted a household-by-household investigation of the non-performing loans in the package as stipulated by the seller, having performed a value assessment based on the current state of the assets, and being willing to assume the associated disposal risks. Furthermore, the acquirer must agree not to seek recourse against the seller for any reason after acquiring the loans.
Additionally, potential acquirers are informed and must fully accept that, upon acquiring the non-performing loans, they can only employ proper and legal means for their disposal. The announcement emphasizes that "the acquirer commits not to retransfer the non-performing loans in this asset package, to refrain from using violent debt collection practices, and not to commission any agency with a record of violent collection, organized crime, or other illegal activities for recovery work."
As the first city commercial bank to list on the main board of the Shanghai Stock Exchange, Bank Of Nanjing Co.,Ltd. is expected to set a certain exemplary standard.
Retail banking has consistently been a significant business segment for Bank Of Nanjing Co.,Ltd.. In early 2025, while focusing on its core banking responsibilities to drive high-quality development, the bank mentioned initiating a "Three-Year Doubling Plan for Retail Value Customers," deepening channel construction and product development to continuously increase the proportion of retail business.
In recent years, Bank Of Nanjing Co.,Ltd. has prioritized consumer loans as a primary driver. As of the first half of 2025, the bank's personal loan balance reached 331.949 billion yuan, an increase of 11.755 billion yuan from the end of the previous year, representing growth of 3.67%. Within this, consumer loans accounted for 207.292 billion yuan, making up over 62% of the total personal loans, while credit card overdrafts stood at 14.725 billion yuan, comprising only 4.43%.
Despite some achievements in its retail transformation, Bank Of Nanjing Co.,Ltd. still faces two major pressures. On one hand, the growth rate of its personal loans has slowed. By the end of the third quarter of 2025, the bank's personal loan balance reached 338.347 billion yuan, an increase of 5.67% from the end of the previous year. This growth rate compares to 7.3% during the same period a year earlier.
On the other hand, the non-performing loan ratio for its personal loans has risen. By the end of the third quarter of 2025, the NPL ratio for personal loans at the bank's parent company was 1.33%, up by 0.04 percentage points from 1.29% at the end of the previous year. However, compared to the end of the first half of 2025, this ratio decreased by 0.1 percentage points, indicating a marginal, ongoing improvement in retail asset quality.
Bank Of Nanjing Co.,Ltd. has previously stated in its financial reports that it is taking multiple measures to strengthen forward-looking risk management, continuously intensify the disposal of non-performing assets, and focus on controlling new NPLs while reducing existing ones.
Regardless of these challenges, Bank Of Nanjing Co.,Ltd. has enhanced revenue and profit generation from its retail team and operations. For the first three quarters of 2025, the retail segment achieved revenue of 11.702 billion yuan, a year-on-year increase of 22.10%. Fee income from agency sales within this segment saw a significant year-on-year growth of 47.42%. During the same period, the retail segment realized a profit of 1.622 billion yuan.
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