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MINSHENG BANK: Provision for Evergrande Group Loan Made Based on Actual Project Status w/ No Substantial Impact on Operations
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Huang Hongri, Executive Vice President of MINSHENG BANK (01988.HK), responded to the loan situation of Oriental Group, Asia Standard International Group and Evergrande Group that, as of the end of 2024, the balance of Evergrande's loan amounted to RMB9.1 billion, which were all real estate project loans, according to Chinese media. At present, the proportion of Evergrande's loan in MINSHENG BANK's overall loan is not high and has been reserved for in accordance with the actual situation of the project, which has no substantial impact on MINSHENG BANK's operating conditions. AAStocks Financial News |
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