二季度银行业指标向好，不良双降、息差趋稳

Core Viewpoint - The banking industry in China is showing stable performance with key indicators improving, including net interest margin stabilizing around 1.4% for the year, and significant support for the real economy through increased lending to small and micro enterprises [1][4][5] Group 1: Banking Industry Performance - As of the end of Q2 2025, the total assets of China's banking financial institutions reached 467.3 trillion yuan, a year-on-year increase of 7.9% [2] - Large commercial banks accounted for 204.2 trillion yuan of total assets, growing by 10.4% year-on-year, representing 43.7% of the industry [2] - The non-performing loan (NPL) balance decreased to 3.4 trillion yuan, with an NPL ratio of 1.49%, down 0.02 percentage points from the previous quarter [3] Group 2: Support for the Real Economy - The balance of inclusive loans to small and micro enterprises reached 36 trillion yuan by the end of Q2, reflecting a year-on-year growth of 12.3% [2] - Over 9 million small and micro enterprises were visited under a financing coordination mechanism, resulting in new credit issuance of 23.6 trillion yuan and new loans of 17.8 trillion yuan [2] Group 3: Asset Quality and Capital Adequacy - The banking sector's risk compensation ability is robust, with new provisions totaling 1.1 trillion yuan, an increase of 579 billion yuan year-on-year [3] - The capital adequacy ratio for commercial banks was 15.58%, up 0.30 percentage points from the previous quarter, indicating strengthened capital positions [3] Group 4: Net Interest Margin and Profitability - The net interest margin for commercial banks was 1.42% in the first half of 2025, with a slight decrease of 0.01 percentage points from Q1, but the decline in margin pressure is easing [4][5] - The net profit for commercial banks reached 1.2 trillion yuan, with a cost-to-income ratio improving to 30.2%, down 5.3 percentage points from the previous year [5] - The banking sector is expected to maintain a net interest margin around 1.4% for the year, supported by regulatory measures to stabilize the banking system [5]