BANK OF TIANJIN (01578) issued a notice that on December 20, 2024, the bank will enter into an agreement with Guangzhou Jingdong Trading Co., Ltd...
According to a notice from Zhitong Finance APP, BANK OF TIANJIN (01578) announced that on December 20, 2024, the bank signed an agreement with Guangzhou Jingdong Trading Co., Ltd., Online Banking Service (Peking) Co., Ltd., China Foreign Economic and Trade REITs, Tianjin Economic and Technological Development Zone State-owned Assets Operation Co., Ltd., Home Credit N.V., and捷信消金, under which the bank will invest 0.5 billion yuan in捷信消金 (捷信消费金融有限公司).
The announcement states that investing in捷信消金 is beneficial for the bank to expand its inclusive financial customer base and enhance its capacity for inclusive financial development. This investment will mutually promote and synergize with other investors in the new development pattern, advance professional market operations, innovate financial products, and improve profitability, which will help the bank maintain a competitive advantage in fierce market competition and achieve sustainable development. Therefore, the Directors believe that the terms of the agreement are fair and reasonable, and align with the overall interests of the bank and its Shareholders.