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After four years of planning, the merger and restructuring of the two financial leasing companies under the Central Plains Bank ushered in substantial progress. On August 28, Bank of China announced that its subsidiary Bangyin Financial Leasing Co., Ltd. and Luoyin Financial Leasing Co., Ltd. signed a restructuring agreement. According to the agreement, Bangyin Gold Leasing will absorb and merge Luoyin Gold Leasing, and Luoyin Gold Leasing will cancel its legal personality. Based on the assessed value of the total assets of the two companies as of March 31, 2026, Bangyin Gold's lease is about 54.813 billion yuan, and Luoyin Gold's lease is about 27.070 billion yuan, totaling about 81,883 billion yuan. After the restructuring is completed, the two licensed financial leasing companies under the Central Plains Bank will merge into one, and a financial leasing company with assets of 80 billion yuan will land in Henan.
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After four years of planning, the merger and restructuring of the two financial leasing companies under the Central Plains Bank ushered in substantial progress. On August 28, Bank of China announced that its subsidiary Bangyin Financial Leasing Co., Ltd. and Luoyin Financial Leasing Co., Ltd. signed a restructuring agreement. According to the agreement, Bangyin Gold Leasing will absorb and merge Luoyin Gold Leasing, and Luoyin Gold Leasing will cancel its legal personality. Based on the assessed value of the total assets of the two companies as of March 31, 2026, Bangyin Gold's lease is about 54.813 billion yuan, and Luoyin Gold's lease is about 27.070 billion yuan, totaling about 81,883 billion yuan. After the restructuring is completed, the two licensed financial leasing companies under the Central Plains Bank will merge into one, and a financial leasing company with assets of 80 billion yuan will land in Henan.
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