Quan Jing Wang·2025-08-29 15:23Core Viewpoint - The Bank of Communications (BoCom) reported a steady performance in the first half of 2025, achieving a net profit of 46.016 billion yuan, a year-on-year increase of 1.61%, and demonstrating strong operational capabilities and strategic execution [1] Financial Performance - BoCom's net operating income for the first half of the year was 133.498 billion yuan, reflecting a year-on-year growth of 0.72% [2] - The net interest income reached 85.247 billion yuan, up 1.20% year-on-year, indicating improvements in the asset-liability structure [2] Asset Quality and Risk Management - The non-performing loan (NPL) ratio stood at 1.28%, a decrease of 0.03 percentage points from the end of the previous year, with a provision coverage ratio of 209.56%, an increase of 7.62 percentage points [3] - The bank disposed of 37.83 billion yuan in non-performing loans, a year-on-year increase of 27.9%, with substantial recoveries of 20.37 billion yuan, up 54.3% [3] Strategic Initiatives - BoCom is actively implementing the "Five Major Articles" strategy, achieving significant progress in technology finance, green finance, inclusive finance, pension finance, and digital finance [4] - The bank's loan growth in Shanghai was 10.88%, with an increase in market share by 0.24 percentage points, showcasing its competitive advantage in cross-border finance and offshore business [4] Digital Transformation - The bank has made notable advancements in digital transformation, with technology investments increasing as a proportion of revenue [5] - The establishment of the "Digital Operation Center" is a key initiative for enhancing retail transformation, leading to a 153% year-on-year growth in consumer loan balances [5] Outlook - The bank aims to stabilize net interest margins through customer expansion, structural optimization, and refined pricing management [6] - BoCom plans to continue focusing on the "Five Major Articles," Shanghai's strategic development, and digital transformation to enhance customer base and optimize business structure [6] Capital Strength - In June, BoCom completed a targeted issuance of 120 billion yuan, further strengthening its capital position [7] - The bank intends to maintain a dividend payout ratio of no less than 30%, actively returning value to shareholders [7]