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What does CGB credit card installment special quota mean?
The so-called special installment quota of Guangfa Credit Card refers to the special installment quota launched by Guangfa Credit Card for credit card holders. This quota cannot be used for daily consumption, but can only be used for purchasing products designated by Guangfa Bank. It is an additional quota provided by the bank, which does not occupy the fixed quota of the original credit card, but the consumption must be phased. If customers want to use this line to purchase products, they need to apply to Guangfa Bank, which will review the customer's account and card usage and give them an appropriate line. The specific line will be subject to the review results of Guangfa Bank.

users can apply for the installment business independently of the credit card quota after applying for the special installment quota of Guangfa, which can often better meet the consumption needs of cardholders. Guangfa installment special line does not occupy credit card credit line.

guangfa bank (full name: guangfa bank co., ltd.) is one of the earliest joint-stock commercial banks in China. it was established in 1988 by the pearl river, and its headquarters is now located in Guangzhou, Guangdong province, China. The restructuring of GDB lasted nearly two years, and was officially launched in May 25. By December 26, the restructuring was officially approved by the regulatory authorities and the restructuring delivery was completed. Wang Xin became the executive vice president of GDB in August 22, and was in charge of asset disposal and development planning of GDB before December 26.

An insider of GDB said that the whole process of NPL divestiture "is complicated, and it is difficult to tell the NPL divestiture of banks. It is not entirely an enterprise's business behavior, and there are external forces involved, and some NPL packaging is also an administrative order". After the reorganization, Citibank can't check the accounts before the reorganization, which is very strange. After the investor team headed by Citigroup entered GDB, GDB still had about 11 billion yuan in bad debts.

according to Caijing. com, in the process of attracting investment and restructuring of GDB from 25 to 26, a large number of non-performing assets were stripped off and written off, and the whole restructuring cost was as high as about 5 billion yuan. The first source of funds is the bidding group's premium shareholding. The Citigroup bidding group invested 24.2 billion yuan, resulting in a premium of about 13.5 billion yuan. The second source of funds is the disposal of non-performing assets. In December 25, GDB auctioned a total of 33.3 billion yuan of non-performing assets. According to informed sources, GDB originally wanted to sell the price of 8 billion to 9 billion yuan, but the bids of four asset management companies were not high. In order to ensure the timely completion of the bidding, at the end of February 26, GDB stripped all the non-performing assets of about 56 billion yuan to Yuecai Investment Holding Co., Ltd., a subsidiary of the Guangdong provincial government, and then disposed of by Yuecai Trust.