Ping An Bank anticipates significant related-party transactions in 2025

Ping An Bank (SZSE:000001) has announced its projected daily related-party transactions with China Ping An Insurance (Group) Co., Ltd. and its related parties for the year 2025, totaling a potential CNY 627.40 billion across various categories. Approved by the bank’s board, this comprehensive framework encompasses credit facilities up to CNY 292 billion, asset transfers capped at CNY 147 billion, service agreements not exceeding CNY 106 billion, and deposit interest estimated at CNY 56.40 billion. Additional transactions are projected at CNY 26 billion. These transactions, crucial to Ping An Bank’s operations and strategic synergies with its parent group, are structured under commercial terms, with pricing no less favorable than those offered to unrelated parties. The framework now awaits shareholder approval at the upcoming annual general meeting. Ping An Bank also disclosed existing relationships for these deals, including counter-parties: Ping An Leasing, Ping An Securities, Founder Securities and Ping An Financial Services. Additionally, the company has set a CNY 20 billion credit line for Founder Securities as part of its related-party transactions.