Harbin Bank (HKG:6138) agreed to transfer a loan to the Heilongjiang branch of China CITIC Financial Asset Management for 575 million yuan, a Dec. 27 bourse filing said.

The initial price for the transfer, which comes about in order to optimize the asset structure of the lender, will be 345 million yuan.

As of Sept. 30, the outstanding principal amount, interest, compound interest, penalty interest, and related judicial fees paid in respect of the loan stood at around 1.57 billion yuan.