平安银行零售业务蹚过“灰暗时期”

Core Viewpoint - Ping An Bank's retail business has shown signs of stabilization after two years of adjustment, with improved asset quality and a slowdown in the decline of retail asset balances, although short-term revenue and profit support remains limited due to narrowing net interest margins and pressure on non-interest income [2][4]. Retail Loan Structure Optimization - In 2025, Ping An Bank continued to optimize its retail loan structure, shifting focus from high-risk, high-yield loans to lower-risk, higher-quality loan types. As of June 30, 2025, personal loan balances were approximately 17.26 trillion yuan, a decrease of 2.3% from the end of the previous year [4][6]. - The bank's retail financial assets accounted for 28.2% of total assets, down from 29.4% at the end of the previous year. Housing mortgage loans grew by 6.2%, while credit card and consumer loans declined by 9.2% and 3.5%, respectively [4][6]. Risk Clearance Progress - Ping An Bank has significantly reduced high-risk products, with "New One Loan" balances dropping from over 150 billion yuan to around 10 billion yuan, and credit card balances decreasing from over 500 billion yuan to approximately 390 billion yuan. The personal loan non-performing rate was 1.27%, down 0.12 percentage points from the beginning of the year [6][7]. - The bank's retail financial business saw a reduction in credit and other asset impairment loss rates from 105.4% to 96.9%, indicating improved asset quality [6][7]. Revenue and Cost Management - In the first half of 2025, Ping An Bank's retail financial business revenue was 31.08 billion yuan, accounting for 44.8% of total revenue, down from 50.7% in the same period last year. The bank has implemented cost-cutting measures, reducing operating expenses by 9% to 19.2 billion yuan [7][8]. - The average interest rate on deposits was 1.79%, a decrease of 46 basis points year-on-year, while income from financial management fees increased by 12.8% [8]. Future Outlook - The bank aims to maintain a competitive net interest margin within the industry, targeting a position among the top three in net interest margin among joint-stock banks, with a goal of maintaining a 30 to 40 basis point advantage [8].