透视半年报|杭州银行个贷不良率攀升 净息差收窄至1.35%

Core Viewpoint - Hangzhou Bank reported a year-on-year increase in both revenue and net profit for the first half of 2025, with revenue growing by 3.90% to 20.093 billion yuan and net profit increasing by 16.66% to 11.662 billion yuan, marking eight consecutive years of growth in both metrics [1] Financial Performance - The bank's net interest income reached 13.090 billion yuan, a year-on-year increase of 9.38%, while non-interest income fell by 5% to 7.004 billion yuan [1][3] - The proportion of net interest income remained above 60%, with figures of 64.90%, 61.88%, and 65.14% over the past three years [3] - The net interest margin narrowed to 1.35%, a decrease of 0.07 percentage points year-on-year [4] Asset Quality and Risk - As of the end of the first half of the year, the bank's total assets reached 2.235595 trillion yuan, an increase of 5.83% from the previous year [5] - The non-performing loan (NPL) ratio stood at 0.76%, unchanged from the previous year, while the provision coverage ratio decreased by 20.56 percentage points to 520.89% [5][6] - The bank's total loans and advances amounted to 1.009418 trillion yuan, reflecting a growth of 7.67% [5] Loan Composition - Corporate loans totaled 710.039 billion yuan, up 12.41%, while personal loans decreased by 2.12% to 299.379 billion yuan [6] - The NPL ratios for corporate and personal loans were 0.65% and 1.02%, respectively, with the personal loan NPL ratio increasing by 0.25 percentage points [6] Shareholder Equity - Total shareholder equity reached 160.536 billion yuan, an increase of 18.00% from the previous year, driven by growth in capital reserves and retained earnings [6]