2022年1月29日

The first batch of bad transfer of personal loan landed: two AMC won ten million yuan asset package from the bank

Author: You Miao

Guohou AMC and Guangxi Guangtou AMC finally successfully acquired the first batch of NPL packages for individual loans with 32.85% of the principal of the debt, that is, 9.9 million yuan.

The first batch of non-performing personal loans were transferred in batches. At 10 am on March 1, several asset management company (AMC) in banking credit assets registration flow center (hereinafter referred to as the “silver centre”) bid first GeDai package non-performing assets in our country, the first finance and economics, the reporter understands from people familiar with the place, in the heat of the auction bidding, the final two local AMC as the principal creditor’s rights of 2 ~ 5 fold clinch a deal valence to bank total package GeDai of non-performing assets of tens of millions of yuan.

Among them, Guohou Asset Management Co., Ltd. (hereinafter referred to as “Guohou Asset”) took the lead in winning ICBC’s Phase 1 personal non-performing loan (personal consumer loan) asset package. It is reported that this is the first batch transfer of non-performing loans since the implementation of the pilot work of non-performing loans transfer, and it is also the largest transfer of this single.

Subsequently, Guangxi Guang Investment Property Management Co., Ltd. (hereinafter referred to as “Guangxi Guang Investment Asset”) won 20 personal non-performing loans (personal operating loans) asset packages of Ping An Bank and the second and third personal non-performing loans (credit card overdraft) asset packages of ICBC.

According to the statistics of the transfer announcement disclosed by the bank in the Yindeng Center, the total amount of creditor’s rights involved in the above four asset packages amounts to 549.492 million yuan, among which the principal amount is 30.4095 million yuan. In addition, the reporter learned exclusively that Guohou Asset and Guangxi GDF Asset finally acquired the first batch of NPL packages for individual loans with 32.85% of the principal of the debt, namely 9.99 million yuan.

It is reported that ICBC, as the first state-owned large commercial bank to open a business account in the Bank of China Center, issued an announcement on February 8 on the transfer of three personal non-performing loan asset packages, with creditor’s rights amounting to 14.894 million yuan, 6.5046 million yuan and 2.824 million yuan respectively. The total transfer scale is 37.2147 million yuan, of which the principal is 24.2231 million yuan. This 3 period of individual loan bad package are to 0 yuan starting auction, the price increase range is 100 thousand yuan.

Different from ICBC’s initial bid of 0 yuan, Ping An Bank plans to transfer 20 individual bad debt in batches at a starting price of 1 million yuan, with an increase of 30,000 yuan. According to the transfer announcement released by the bank, the 20 households of individual loans have a total amount of 17.7345 million yuan of non-performing debt, of which the principal is 6.1866 million yuan. Interested bidders need to pay a deposit of 100,000 yuan.

Gan Xiaohu, secretary general of Zhejiang Investment and Financing Association’s special committee on bad loans, told China Business News that before the official bidding, in February this year, a number of AMC companies with the intention of bidding signed up and paid the corresponding deposit in advance. “ICBC as the leader, 0 yuan starting auction is mainly to discuss the first, intended to let the bad batch transfer of personal loans usher in a good start. The initial bid price of 1 million yuan of Ping An Bank is mainly due to the fact that there are many clues for the disposal and realization of the bank’s non-performing assets package, such as some of them have completed the judicial disposal process, the debtor has the willingness to repay, and some of them have properties waiting for seizure, etc.” Gan Xiaohu said.

China Business News reporter exclusively learned that Guohou assets to 3.6 million yuan, that is, the final transaction price of 2.4 percent of the principal of the debt, ICBC’s first phase of personal non-performing loan (personal consumer loan) asset package. Specifically, the transaction price corresponding to the principal discount rate of 24.17%, corresponding to the total principal and interest discount rate of 13.65%; However, Guangxi Guangtou won 20 operating loan NPL of Ping An Bank and the credit card overdraft NPL of ICBC Phase 2 and Phase 3 at the final transaction prices of 2.89 million yuan, 2.1 million yuan and 1.4 million yuan respectively. The discount level of creditor’s rights principal is between 3.2 and 50 percent, among which, Guangxi Guang Investment Property received ICBC’s Phase 3 asset package at 50 percent discount of creditor’s rights principal.

In view of the above transfer transaction price, Gan Xiaohu said that bad credit in a sense is equivalent to bad debt, bad credit card recovery is generally only 1~3 discount, whether the packaging offer is overvalued, it is not yet possible to conclude. Considering the effect of disposal and recovery and capital cost, AMC, as the transferee, will generally have third parties such as asset appraisal agencies and valuation agencies to assist it in carrying out due diligence and asset appraisal. Therefore, these AMC bidders are most likely to have evaluated the property clues of the relevant debtors and prepared the corresponding disposal cycle before bidding.

The latest regulatory data shows that as of the end of December 2020, the outstanding non-performing loans of China’s commercial banks reached 3.5 trillion yuan, an increase of 281.6 billion yuan compared with the beginning of the year. The non-performing loan ratio was 1.92 percent, down 0.06 percentage points from the beginning of the year.

To broaden the channels of non-performing loans, alleviate the pressure of the non-performing loans of commercial Banks, this year on January 7th, silver insurance regulatory commission issued by the general office of the China general office work pilot implementation of non-performing loans transferred silver circ notice (hereinafter referred to as “notice”), pilot to develop toward a single family of non-performing loans and individual nonperforming loans batch a transfer.

The circular identified six large state-owned banks and 12 national joint-stock banks as the first batch to participate in the trial, and five financial asset management companies (AMCs), as well as qualified local asset management companies and financial asset investment companies (AICs), will participate in the acquisition of non-performing loans. Since then, a number of local AMCs have been approved to carry out the pilot work of non-performing loan transfer.

In the view of the industry, joint-stock banks and local AMCs will be the main force in the pilot process of transferring personal non-performing loans. However, how to package and price the transfer of personal non-performing loans and how to deal with the collection by the acceptor are all new attempts, and the final effect of the pilot project needs to be tested in practice.

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