兴业银行上半年营收降幅收窄，净利同比微增0.21%

Core Insights - The bank reported a slight decline in operating income and a modest increase in net profit, indicating a stabilization in financial performance despite challenges in interest income [1][2] Financial Performance - Operating income for the bank was 110.46 billion yuan, a year-on-year decrease of 2.29%, but the decline was less severe compared to the first quarter [1] - Net profit attributable to shareholders was 43.14 billion yuan, reflecting a year-on-year growth of 0.21%, with growth turning positive compared to the first quarter [1] - Net interest income was 73.76 billion yuan, down 1.52% year-on-year, primarily due to a narrowing interest margin, which stood at 1.75%, a decrease of 7 basis points from the previous year [1] - Non-interest income totaled 36.70 billion yuan, a decline of 3.80% year-on-year, influenced by market interest rate fluctuations [1] Loan and Deposit Growth - Total assets reached 10.61 trillion yuan, a year-on-year increase of 1.01% [2] - Customer loan balance was 5.9 trillion yuan, up 2.91% from the previous year, with green loans, technology loans, and medium to long-term loans in manufacturing growing by 15.61%, 14.73%, and 11.83% respectively [2] - Customer deposit balance was 5.87 trillion yuan, reflecting a growth of 6.10% year-on-year [2] Asset Quality - Non-performing loan balance was 63.49 billion yuan, an increase of 2.02 billion yuan from the previous year, with a non-performing loan ratio of 1.08%, unchanged from the first quarter [3] - The bank initiated reforms in its risk management system to enhance its risk management capabilities [2][3] - Provision for asset impairment losses was 30.12 billion yuan, a decrease of 12.19% year-on-year, with a provision coverage ratio of 228.54% [3]