商业银行二季度不良环比“双降”，净息差及关注类贷款呈现新变化

Core Insights - The banking sector in China showed stable performance in the first half of 2025, with a total net profit of 1.2 trillion yuan and a slight decrease in non-performing loans [1][8] - The non-performing loan balance stood at 3.4 trillion yuan, with a non-performing loan ratio of 1.49%, indicating a slight improvement in asset quality [1][8] Summary by Categories Profitability and Asset Quality - Commercial banks achieved a net profit of 1.2 trillion yuan in the first half of 2025, reflecting overall stability in the banking sector [1] - The non-performing loan balance decreased by 24 billion yuan from the previous quarter, while the non-performing loan ratio improved by 0.02 percentage points to 1.49% [1][8] Net Interest Margin - As of the end of June, the net interest margin for commercial banks was 1.42%, a decrease of 0.01 percentage points from the end of March, indicating a continued narrowing trend [3][7] - Private banks, such as WeBank, maintained the highest net interest margin above 3%, while large state-owned banks were close to the 1.3% threshold, with a net interest margin of 1.31% [4][7] Loan Classification and Provisions - Despite a decrease in non-performing loans, the amount of special mention loans increased from 4.95 trillion yuan at the end of March to 5 trillion yuan at the end of June, indicating potential future risks [8] - Loan loss provisions and the loan provision coverage ratio improved compared to the end of March, reflecting a cautious approach to credit risk management [8][10]