Core Viewpoint - The Bank of Communications reported a stable and positive operational performance for the third quarter of 2025, with total assets reaching 15.50 trillion yuan, a year-on-year increase of 4.02% [1] Group 1: Financial Performance - The bank achieved a net operating income of 200.06 billion yuan, a year-on-year growth of 1.86%, with net interest income and net commission income increasing by 1.46% and 0.15% respectively [2] - The net profit attributable to shareholders reached 69.99 billion yuan, reflecting a year-on-year increase of 1.90%, with growth rates for net revenue and net profit improving by 1.14% and 0.29% compared to the first half of the year [2] Group 2: Support for the Real Economy - The bank focused on enhancing financial services for the real economy, with customer loan balances reaching 9.07 trillion yuan, a year-on-year increase of 6.04%, adding 31.2 billion yuan compared to the previous year [3] - The bank's green loan balance grew by 6.72%, while green bond investments surged by 52.35% year-on-year [3] - Inclusive finance loans increased by 18.29%, and loans for the pension industry rose by 41.75% [3] Group 3: Digital Transformation - The bank is accelerating its digital transformation, enhancing digital infrastructure and security, with monthly active users for its mobile banking and payment apps reaching 53.06 million and 25.93 million respectively [5] - The bank has opened 7,039 open banking interfaces, with a total of 10.5 billion calls made [5] Group 4: Risk Management - The bank maintained a non-performing loan ratio of 1.26%, a decrease of 0.05 percentage points from the previous year, while the provision coverage ratio increased to 209.97%, up by 8.03 percentage points [6] - The bank disposed of non-performing loans amounting to 55.74 billion yuan, a year-on-year increase of 28.12% [6]

Core Points - The announcement from Bank of Communications indicates that Tang Shuo has been approved by the National Financial Regulatory Administration to serve as the bank's business director for corporate and institutional business [1] Summary by Category Company - Bank of Communications has received official approval for Tang Shuo's appointment as the business director for corporate and institutional business [1] Regulatory Approval - The approval was granted by the National Financial Regulatory Administration, confirming Tang Shuo's qualifications for the role [1]

Core Points - The announcement from Bank of Communications states that it has received approval from the National Financial Supervision Administration regarding the appointment of Mr. Tang Shuo as the business director for corporate and institutional business [2] Group 1 - Bank of Communications has officially announced the approval of Mr. Tang Shuo's qualifications as the business director for corporate and institutional business [2]

Group 1 - The core focus of the Bank of Communications is on advanced manufacturing and enterprises related to new productivity, utilizing technology finance and cultural finance as key strategies [1] - In the technology finance sector, the bank has launched the "Jiaoyin Torch Loan" product in collaboration with the Ministry of Industry and Information Technology, addressing the full lifecycle financing needs of technology enterprises, with its 2.0 version released at the Financial Street Forum [1] - The bank has established a cultural finance center in Beijing, leading related service efforts and launching dedicated cultural finance brands and products at the Financial Street Forum, aiming to reduce financing costs for Beijing enterprises and promote deep integration of the "Five Major Articles" with the real economy [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：03328） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 公司秘書 中國上海 2025年10月31日 於本公告發佈之日，本行董事為任德奇先生、張寶江先生、殷久勇先生、 周萬阜先生、常保升先生*、廖宜建先生*、陳紹宗先生*、穆國新先生*、 艾棟先生*、石磊先生 # 、張向東先生 # 、李曉慧女士 # 、馬駿先生 # 、王天澤先生 # 及 肖偉先生 # 。 * 非執行董事 ＃ 獨立非執行董事 股票代码：601328 股票简称：交通银行 编号：临 2025-070 交通银行股份有限公司 关于高管任职资格获监管机构核准的公告 茲載列交通銀行股份有限公司於上海證券交易所網站刊登的《交通銀行股份有限 公司關於高管任職資格獲監管機構核准的公告》，謹供參閱。 承董事會命 交通銀行股份有限公司 何兆斌 唐朔先生的简历，详见本 ...

特此公告 交通银行股份有限公司 关于高管任职资格获监管机构核准的公告 股票代码：601328 股票简称：交通银行 编号：临 2025-070 交通银行股份有限公司（以下简称"交通银行"或"本行"）董事会及全体董事保证本 公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和 完整性承担法律责任。 本行今日收到《国家金融监督管理总局关于唐朔交通银行业务总监（公司与 机构业务）任职资格的批复》（金复〔2025〕618 号），唐朔先生任本行业务总监 （公司与机构业务）的任职资格获国家金融监督管理总局核准生效。 唐朔先生的简历，详见本行于 2025 年 8 月 29 日在上海证券交易所网站 （www.sse.com.cn）发布的《交通银行股份有限公司第十届董事会第二十四次会 议决议公告》（编号：临 2025-054）。 交通银行股份有限公司董事会 2025 年 10 月 31 日 ...

Investment Rating - The report maintains an "Accumulate/Buy" rating for the company’s A/H shares [1][5][7] Core Views - The company's core profitability is steadily recovering, with a year-on-year increase in net profit, revenue, and pre-provision operating profit of 1.9%, 1.8%, and 0.7% respectively for the first nine months of 2025 [1] - The asset quality indicators remain robust, with a declining non-performing loan ratio and stable capital adequacy ratios, indicating a positive trend in asset quality [4] Summary by Sections Financial Performance - For the first nine months of 2025, the annualized ROA and ROE were 0.62% and 8.48%, showing slight declines of 0.02 percentage points and 0.58 percentage points year-on-year [1] - The net interest margin for the first nine months of 2025 was 1.20%, a decrease of 1 basis point from the first half of 2025, but the decline in the cost of liabilities is narrowing [2] Revenue and Income - Net interest income increased by 1.5% year-on-year for the first nine months of 2025, while net fee and commission income turned positive with a growth of 0.2% [3] - Other non-interest income showed resilience with a year-on-year increase of 4.1%, driven by favorable performance in wealth management-related income [3] Asset Quality and Capital - The non-performing loan ratio at the end of Q3 2025 was 1.26%, with a provision coverage ratio of 210%, indicating a marginal decline in non-performing loans [4] - The core Tier 1 capital adequacy ratio was 11.37%, reflecting a slight decrease but still maintaining a relatively ample level of capital [4] Valuation and Forecast - The report forecasts net profits of 956 billion, 982 billion, and 1,016 billion RMB for 2025, 2026, and 2027 respectively, with a target price of 8.76 RMB for A shares and 9.23 HKD for H shares in 2026 [5][11]

Core Viewpoint - The Bank of Communications Hainan Branch has launched an innovative "Finance + Cultural Tourism" initiative to celebrate the Chongyang Festival, aiming to promote respect for the elderly while providing financial education and cultural experiences for senior clients [1][3]. Group 1: Event Overview - From October 27 to 29, the bank organized four themed events titled "Tea Rhythm Chongyang - Bus Journey," inviting elderly clients to enjoy a specially designed sightseeing bus tour, where they could taste local Hainan dad tea and enjoy performances of local songs [3]. - The activities included sightseeing, cultural introductions, and quiz games, allowing participants to appreciate Hainan's intangible cultural heritage in a relaxed atmosphere [3]. Group 2: Financial Services Integration - During the events, bank staff acted as guides and financial advisors, addressing seniors' concerns about retirement financial products and risk prevention, thereby enhancing their understanding and application of financial knowledge [3][5]. - The successful execution of these activities exemplifies the bank's innovative approach to retirement financial services, addressing the challenges posed by an aging population [5]. Group 3: Future Plans and Services - The bank has developed a comprehensive retirement financial service system, branded as "Wealth Abundance, Happy Retirement, Enjoying Four Seasons," tailored to the local characteristics of Hainan [5]. - Under the "Bank of Communications Hainan Branch Retirement Financial Action Plan (2024-2025)," the bank has introduced specialized loan products such as "Elderly Business Development Loan" and "Elderly Assistance Loan," along with subsidies to meet diverse client needs [5]. - The bank is also enhancing its online and offline financial services, including a senior-friendly mobile banking interface and personalized pension planning based on clients' financial situations [6].

Investment Rating - The investment rating for the company is "Outperform the Market" [6][4] Core Views - The company's revenue and profit growth rates have rebounded, with total revenue and net profit for the first three quarters of 2025 reaching 199.645 billion yuan and 69.994 billion yuan, respectively, representing year-on-year growth of 1.80% and 1.90% [1] - The company's asset growth remains stable, with total assets increasing by 6.2% year-on-year to 15.50 trillion yuan as of September 2025 [2] - The net interest margin has narrowed its decline, with a reported net interest margin of 1.20% for the first nine months, down 1 basis point from the second quarter and 7 basis points from the previous year [3] - The overall asset quality is stable, with a non-performing loan ratio of 1.26% as of September, showing improvement from June [3] Summary by Sections Revenue and Profit - For the first three quarters of 2025, the company achieved revenue of 199.645 billion yuan and net profit of 69.994 billion yuan, with growth rates of 1.80% and 1.90% year-on-year, respectively [1] - In Q3 alone, revenue was 66.277 billion yuan, up 3.92% year-on-year, and net profit was 23.978 billion yuan, up 2.46% year-on-year [1] Asset Growth - As of September 2025, total assets reached 15.50 trillion yuan, a 6.2% increase year-on-year, with loans (excluding accrued interest) growing by 7.5% to 9.07 trillion yuan [2] - The company added 516.3 billion yuan in new credit in the first three quarters, with corporate loans increasing by 415.4 billion yuan [2] Interest Income and Non-Interest Income - The net interest income for the first three quarters was 128.648 billion yuan, reflecting a year-on-year increase of 1.5% [3] - Non-interest income from fees and commissions was 29.398 billion yuan, showing a slight year-on-year increase of 0.15%, while other non-interest income surged by 25.4% to 25.585 billion yuan [3] Asset Quality - The non-performing loan ratio improved to 1.26% as of September, down 2 basis points from June, and the provision coverage ratio increased to 209.97% [3] - The company’s core tier 1 capital adequacy ratio stood at 11.37%, slightly down by 0.05 percentage points from June [2] Profit Forecast - The profit forecast for the company has been slightly adjusted upwards, with expected net profits for 2025-2027 at 95.683 billion yuan, 98.849 billion yuan, and 103.224 billion yuan, respectively, indicating year-on-year growth rates of 2.2%, 3.3%, and 4.4% [4][5]

10月30日，交通银行公布三季度财报。前三季度，该行营收和归母净利润均实现了增长，分别同比增长 1.80%和1.90%。截至9月末，该行不良贷款率较上年末下降了0.05个百分点，显示其资产质量延续改善 势头。不过，其个人贷款不良率较上年末增长了0.34个百分点，其中信用卡不良率增幅较高，较上年末 增长了0.57个百分点。 营收和净利润双双增长 增速较上半年有所提升 三季报显示，交通银行截至9月末的资产总额达154997.83亿元，较上年末增长4.02%；负债总额 142083.15亿元，较上年末增长3.37%。 资产质量方面，报告期末，交通银行不良贷款余额1145.51亿元，较上年末增加28.74亿元，增幅 2.57%；不良贷款率1.26%，较上年末下降0.05个百分点；拨备覆盖率209.97%，较上年末上升8.03个百 分点；拨备率2.65%，较上年末上升0.01个百分点。 按照业务类型，截至报告期末，交通银行公司类贷款不良率为1.24%，较上年末下降了0.23个百分点； 个人贷款不良率为1.42%，较上年末增长了0.34个百分点。 在交通银行个人贷款中，住房贷款不良率为0.81%，较上年末增长了0.23个 ...