Ping An Bank’s Bad Debt Unit Improves Non-Performing Loan Recovery Via Innovation


A year after Ping An Bank Co., Ltd. set up its bad loan asset management unit with more than 400 staff in late 2016, the bank reported that it had recovered non-performing assets of RMB9.53 billion (US$1.5 billion) in 2017, up 81.62% compared with the year before. Since 2017, some joint-stock Chinese commercial banks began exploring non-performing assets management by setting up a special asset management division. Chinese banks can only sell their non-performing loans (NPL) directly to asset management companies …

Ping An Bank’s Bad Debt Unit Improves Non-Performing Loan Recovery Via Innovation appeared first on China Money Network.


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