Nan Fang Du Shi Bao·2025-08-30 01:47Core Viewpoint - Agricultural Bank of China reported a stable performance in the first half of 2025, with revenue and net profit showing positive growth, while maintaining a strong asset base and improving asset quality [2][3][8]. Financial Performance - The bank achieved an operating income of 369.94 billion yuan and a net profit attributable to shareholders of 139.51 billion yuan, representing year-on-year growth of 0.8% and 2.66%, respectively [2][3]. - Net interest income accounted for 76.4% of total revenue, amounting to 282.47 billion yuan, which decreased by 8.38 billion yuan compared to the previous year [3]. - The net interest margin was reported at 1.32%, and the net interest spread at 1.20%, both showing a decline of 13 and 10 basis points year-on-year [3]. Non-Interest Income - The bank's net fee and commission income increased by 10.1% to 51.44 billion yuan, driven by a 62.3% rise in agency business income due to enhanced wealth management services [3][4]. - Other non-interest income also grew, increasing by 67.72 billion yuan to 360.23 billion yuan, with investment income rising by 79.75 billion yuan [4]. Asset Quality - As of June 30, total assets reached 46.9 trillion yuan, an increase of 3.6 trillion yuan from the end of the previous year, with a non-performing loan (NPL) ratio of 1.28%, down by 0.02 percentage points [2][6][8]. - The bank's NPL balance was 341.28 billion yuan, with a coverage ratio of 295%, which decreased by 4.61 percentage points year-on-year [8][10]. Loan Portfolio - The total loans and advances amounted to 26.73 trillion yuan, with a year-on-year increase of 7.3% [6]. - Corporate loans primarily targeted manufacturing, transportation, and business services, while personal loans increased by 5.6%, with consumer loans growing by 8.5% [6][8]. Strategic Initiatives - The bank reported a significant increase in technology loans, which reached 4.69 trillion yuan, up 21.0% year-on-year, and green loans of 5.72 trillion yuan, up 14.6% [7]. - The number of personal pension clients grew by 71.9%, with pension industry loans increasing by 94.6% [7].