Bank of Ningbo(SZ:002142) Quan Jing Wang·2025-07-25 02:54Core Viewpoint - Ningbo Bank reported a solid performance in the first half of 2025, with significant growth in revenue and net profit, indicating resilience in a challenging economic environment [1][3]. Financial Performance - In the first half of 2025, Ningbo Bank achieved operating income of 37.16 billion yuan, a year-on-year increase of 7.91% [1]. - The net profit attributable to shareholders reached 14.77 billion yuan, up 8.23% compared to the same period last year [1]. - As of June 30, 2025, total assets amounted to 3,470.33 billion yuan, reflecting an 11.04% increase from the end of the previous year [1]. - Total customer deposits reached 2,076.41 billion yuan, a growth of 13.07% from the end of last year [1]. - Total loans and advances stood at 1,673.21 billion yuan, increasing by 13.36% compared to the end of the previous year [1]. Risk Management and Asset Quality - The non-performing loan (NPL) ratio remained stable at 0.76% as of June 30, 2025 [1][3]. - The provision coverage ratio improved to 374.16%, up by 3.62 percentage points from the previous quarter [1]. - The capital adequacy ratio was reported at 15.21%, an increase of 0.27 percentage points quarter-on-quarter [1]. - The core Tier 1 capital adequacy ratio rose to 9.65%, up by 0.33 percentage points from the previous quarter [1]. Strategic Initiatives - Ningbo Bank is implementing a differentiated business strategy to adapt to changing market conditions and enhance its competitive advantages [2]. - The bank is focusing on digital transformation and has introduced various online platforms to improve customer engagement and operational efficiency [2]. - The bank is actively managing its liability costs and structure to optimize its financial performance [2]. Market Outlook - Despite external economic uncertainties, Ningbo Bank is expected to maintain stable profitability due to its strong asset quality and effective risk management [3]. - The bank's high provision coverage is anticipated to support stable net profit growth in the future [3].