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

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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.

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