Shanghai Pudong Development Bank Co.,Ltd. (SPDB) continues its efforts to dispose of non-performing assets (NPAs).
According to disclosures from SPDB's credit card center, in October this year, multiple batches of non-performing loans found buyers. For instance, the 11th and 12th batches of credit card NPA projects in 2025 were transferred to Beijing Asset Management, while the 13th and 14th batches were acquired by Zhejiang Merchants Asset Management.
In November, SPDB branches across multiple regions continued transferring personal NPA projects. On the China Banking and Insurance Information Technology Management Co., Ltd. (CBITM) platform, SPDB's Dalian branch announced the bidding for its 2025 first batch of personal NPA projects (consumer and business loans), while the Guangzhou branch released a bidding notice for the second batch of personal consumer and business credit NPA projects.
The Guangzhou branch's NPA project involves loans totaling 231 million yuan, including a principal of 181 million yuan, interest of 47.7595 million yuan, and other fees of 1.5821 million yuan.
The announcement highlights that the average principal per account in the asset package is around 170,000 yuan, with approximately 55% of loan principals below 300,000 yuan and 45% above, facilitating diversified collection strategies. Additionally, loans overdue for less than three years account for 46% of the total principal, indicating strong potential for future recoveries.
This demonstrates SPDB's ongoing efforts to clear historical burdens and improve asset quality. In May this year, SPDB also issued two NPA transfer announcements, involving a combined unpaid principal and interest exceeding 2.7 billion yuan, with transfer prices dropping below 10% of face value.
Since Zhang Weizhong officially took the helm at SPDB, the bank has prioritized NPA disposal. Disclosures show that in 2024 alone, SPDB disposed of 108.7 billion yuan in NPAs—a record high—including 37.8 billion yuan in cash recoveries, also a historic peak.
SPDB's NPA ratio has also shown a consistent decline. From 2020 to 2024, the ratios were 1.73%, 1.61%, 1.52%, 1.48%, and 1.36%, respectively. By the end of the first three quarters of 2025, SPDB's NPA balance stood at 72.889 billion yuan, a decrease of 265 million yuan from the previous year-end, while the NPA ratio dropped to 1.29%, down 0.07 percentage points—achieving a "double decline" in both NPA balance and ratio.
However, compared to peers, SPDB still has room for improvement. For example, China CITIC Bank, a similarly sized institution, reported an NPA balance of 66.9 billion yuan and a ratio of 1.16% by Q3 2025—both lower than SPDB's figures.
As of Q3 2025, both SPDB and CITIC Bank are approaching the 10 trillion yuan asset milestone. CITIC Bank's total assets reached 9.8981 trillion yuan, while SPDB's stood at 9.8922 trillion yuan—a mere 5.9 billion yuan difference.
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