宁波银行(002142)：营收利润增速双增 资产质量稳中向好

Core Viewpoint - Ningbo Bank reported strong performance in the first half of 2025, with both revenue and profit growth showing a quarter-on-quarter increase despite external uncertainties in the second quarter [1][2]. Financial Performance - In the first half of 2025, Ningbo Bank achieved a revenue growth rate of 7.9%, which is an increase of 2.3 percentage points compared to the previous quarter [1]. - The net profit attributable to shareholders grew by 8.2%, reflecting a quarter-on-quarter improvement of 2.5 percentage points [1]. Asset Quality and Risk Management - The bank maintained a low non-performing loan (NPL) ratio of 0.76%, stable compared to the first quarter [2]. - The provision coverage ratio increased to 374.16%, up by 3.62 percentage points from the previous quarter, marking the first quarter-on-quarter increase since the end of 2022 [2]. Market Position and Strategy - Ningbo Bank has adopted an aggressive strategy, focusing on high-quality operational areas and achieving loan growth rates above the industry average [3]. - Despite a recent slowdown in performance due to declining nominal GDP growth and increased risk exposure of existing high-yield assets, the bank's proactive management of non-performing loans and strong provision levels provide a solid foundation for future performance [3]. Outlook - Looking ahead to 2025, with anticipated fiscal stimulus and improved macroeconomic conditions, the bank's performance growth is expected to return to double digits, positioning it back among industry leaders [3].