PAB(SZ:000001) Zhong Guo Ji Jin Bao·2025-08-22 12:20Core Viewpoint - Ping An Bank reported a steady performance in the first half of 2025, focusing on digital transformation, risk management, and supporting the real economy while navigating challenges such as declining interest rates and loan restructuring [1][2]. Financial Performance - Revenue for the first half of 2025 was CNY 69.385 billion, a year-on-year decrease of 10.0%, primarily due to lower market interest rates and adjustments in loan business structure [2] - Net profit reached CNY 24.870 billion, down 3.9% year-on-year, with the decline narrowing compared to the first quarter [2] - Total assets amounted to CNY 5.874 trillion, a 1.8% increase from the end of the previous year [2] Deposit and Loan Growth - Total liabilities were CNY 5.365 trillion, up 1.7% from the end of the previous year, with total deposits reaching CNY 3.694 trillion, a 4.6% increase [3] - The average interest rate on interest-bearing liabilities was 1.79%, down 46 basis points year-on-year [3] - Corporate loans increased by 4.7% year-on-year, with a total loan balance of CNY 1.683 trillion [7] Risk Management - The non-performing loan ratio was 1.05%, a slight decrease from the end of the previous year, with a recovery of non-performing assets totaling CNY 18.556 billion, up 13.8% year-on-year [3] - The provision coverage ratio stood at 238.48%, indicating strong risk mitigation capabilities [3] Capital Adequacy and Dividends - Core Tier 1 capital adequacy ratio was 9.31%, with overall capital adequacy ratio at 13.26%, both showing slight increases from the previous year [3] - The bank announced a mid-term dividend of CNY 2.36 per share, totaling CNY 4.580 billion [3] Retail Business Strategy - The bank is committed to enhancing its retail strategy, focusing on optimizing loan structures and improving customer experience [4] - Personal loan balance was CNY 1.726 trillion, with a 2.3% decrease year-on-year, while personal deposits grew by 3.1% to CNY 1.327 trillion [5][6] Corporate Banking Focus - The corporate banking segment emphasizes precision in industry, customer, and product offerings, with significant support for advanced manufacturing, green finance, and technology sectors [7][8] - The number of corporate clients increased by 6.5% to 909,100, with strategic client loans growing by 15.8% [8] Sustainable Development Initiatives - The bank is actively promoting green finance, with green loan balances reaching CNY 251.746 billion, a 6.0% increase [10] - Support for rural revitalization included CNY 31.259 billion in funding, with a total of CNY 183.506 billion allocated to rural initiatives [11]