2 1 Shi Ji Jing Ji Bao Dao·2025-04-30 07:42Core Viewpoint - Zhejiang Commercial Bank has achieved significant growth in customer deposits, surpassing 2 trillion yuan for the first time, indicating a strategic shift towards liability-driven operations [2][3]. Financial Performance - As of the end of Q1 2025, Zhejiang Commercial Bank reported total assets of 3.44 trillion yuan, a 3.54% increase from the previous year [2]. - The bank's total liabilities reached 3.24 trillion yuan, reflecting a 3.67% growth year-on-year [2]. - The bank's operating income for Q1 2025 was 17.105 billion yuan, a decrease of 1.302 billion yuan or 7.07% compared to the previous year [3]. - Net interest income increased to 11.981 billion yuan, up 1.38% year-on-year, while non-interest income fell to 5.124 billion yuan, down 22.23% [3]. Profitability - The net profit attributable to shareholders was 5.949 billion yuan, a slight increase of 0.36 billion yuan or 0.61% year-on-year [4]. Asset Quality - As of March 2025, the non-performing loan balance was 25.955 billion yuan, up 1.81% from the previous year, with a non-performing loan ratio of 1.38%, unchanged from the end of the previous year [4]. - The provision coverage ratio decreased to 171.21%, down 7.46 percentage points from the previous year [4]. Capital Adequacy - The capital adequacy ratio stood at 12.18%, a decrease of 0.43 percentage points from the previous year, while the core tier 1 capital ratio remained stable at 8.38% [4].