Nan Fang Du Shi Bao·2025-08-30 08:49Core Insights - Postal Savings Bank of China (PSBC) reported its first half of 2025 financial results, achieving total assets exceeding 18 trillion yuan and customer deposits surpassing 16 trillion yuan for the first time [2][3] - The bank's revenue reached 179.446 billion yuan, a year-on-year increase of 1.5%, while net profit was 49.415 billion yuan, up 1.08%, reversing the negative growth trend seen in the first quarter [2][3] Financial Performance - As of the end of June 2025, PSBC's total assets were 18.19 trillion yuan, a 6.47% increase from the end of the previous year [3] - Customer loans totaled 9.54 trillion yuan, growing by 6.9%, and customer deposits reached 16.11 trillion yuan, up 5.37% [3] - Interest income was 139.058 billion yuan, a decrease of 2.67% year-on-year, primarily due to a decline in net interest margin [5] Non-Interest Income - PSBC's net fee and commission income was 16.918 billion yuan, an increase of 11.59%, with significant growth in investment banking and wealth management fees, which rose by nearly 50% [5] - Other non-interest income reached 23.47 billion yuan, a 25.16% increase, driven by investment gains and fair value changes [6] Asset Quality and Capital Adequacy - As of June 2025, PSBC's non-performing loan (NPL) ratio was 0.92%, slightly up from the previous year, but still the lowest among the six major state-owned banks [7][8] - The bank's provision coverage ratio was 260.35%, indicating a strong risk mitigation capacity despite a decrease from the previous year [9] - Capital adequacy ratio stood at 14.57%, with a core Tier 1 capital ratio of 10.52%, both showing improvement from the previous year [9] Strategic Initiatives - PSBC is actively pursuing a three-year plan to enhance its non-interest income, following a successful five-year strategy that achieved an average annual growth rate of 11.3% in this area [5] - The bank is in the process of establishing a financial asset investment company (AIC) as part of its comprehensive strategy [9][10] - A mid-term dividend proposal was announced, with a plan to distribute 1.230 yuan per share, totaling approximately 14.772 billion yuan, which represents 30% of the net profit attributable to shareholders for the first half of 2025 [10]