ICBC in major NPL dump

State media, citing inside sources, said the Industrial and Commercial Bank of China (ICBC), just given US$15bn in bailout funds, would invite the country's four state-owned asset management companies to bid for more than RMB450bn (US$54.5bn) worth of non-performing loans still on its books. The NPLs, reports said, would be organized in 30 lots ahead of a scheduled June sale.