Nanjing Bank sees increased BNP Paribas stake, plans debt redemptions

BNP Paribas (QFII), a major shareholder in Nanjing Bank Co., Ltd., increased its stake in the bank by 1.04% to 18.06% through open market purchases between September 29, 2025, and November 20, 2025. This move, reflecting confidence in Nanjing Bank's future growth, involved the acquisition of 128,231,748 shares.

Concurrently, Nanjing Bank announced the full redemption of its 4.9 bn yuan Series 1 preference shares (South Bank Preferred 1) on December 23, 2025. These shares, issued in 2015, will be redeemed at par value plus accrued and unpaid dividends. The bank also successfully issued 10 bn yuan of 3-year fixed-rate financial bonds (Series 2) on November 21, 2025, with a coupon rate of 1.80%, to optimize its asset-liability structure.