Ping An Bank to Conduct 39.6 Billion Yuan in Related-Party Transactions

Deep News01-23

On January 23, Ping An Bank announced that its 13th Board of Directors, at its second meeting, approved the renewal and increase of comprehensive interbank credit lines for Ping An Securities, Founder Securities, and China Ping An by 4.9 billion yuan, 3.0 billion yuan, and 7.2 billion yuan, respectively, each with a term of one year.

The board also consented to collaborate with Ping An Leasing on credit and agreement deposit businesses, approving a renewed and increased comprehensive credit line of 9.5 billion yuan with a one-year term.

For the agreement deposit business, the principal amount to be deposited from 2026 to 2028 shall not exceed 15 billion yuan.

From the beginning of the year until the disclosure date, the cumulative amounts of related-party transactions already conducted by the bank with the aforementioned related parties were 35 million yuan, 60 million yuan, 849.96 yuan, and 15 million yuan, respectively.

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