Hebei Bank's equity auctions are frequent, with the asset size ranking first in the province, but the profit dilemma is hard to hide.
According to Ali Asset Auction website, recently, 10.1753 million shares of Hebei Bank were publicly auctioned, but no one bid and the auction failed. The shares will be auctioned again on May 19th. It is noted that this is not the first time the bank's shares have failed to be auctioned. Another 6.8429 million shares have been auctioned three times this year, with the latest starting price discounted by 40% compared to the first time, but still ended without any bids. Hebei Bank is currently the largest city commercial bank in Hebei Province in terms of asset size. The bank's 2024 annual report, released recently, shows that its operating income increased by double digits in 2024, but net profit declined by nearly 20%. In terms of asset quality, the bank's non-performing loan ratio increased slightly in 2024 compared to the previous year.
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