杭州银行中期业绩会：对非理性价格“反内卷”，不以风险换发展

Core Viewpoint - Hangzhou Bank reported a positive performance in the first half of 2025, with total assets reaching 22,355.95 billion yuan, a 5.83% increase year-on-year, and a net profit of 11,662 million yuan, reflecting a 16.66% growth compared to the previous year [2][3] Financial Performance - The bank achieved an operating income of 20,093 million yuan, up 3.90% year-on-year, with net interest income contributing 13,090 million yuan, an increase of 9.38% [3] - The net interest margin stood at 1.35%, down 7 basis points from the previous year, indicating a trend of narrowing margins in the banking sector [3][4] - The deposit interest rate decreased by 28 basis points compared to the previous year, which helped mitigate the decline in net interest margin [4][5] Strategic Direction - The bank's strategy focuses on "light capital, flow-oriented, internationalization, digitalization, and agility," aiming to enhance customer development and risk control [2][5] - Emphasis is placed on balancing growth and risk management, with a target growth rate of 10% to 20% deemed appropriate for the current market environment [6][7] Market Conditions - The bank is navigating a low-interest-rate environment and addressing challenges such as asset scarcity and competitive pricing pressures [4][10] - The demand for consumer loans is stabilizing, with the bank implementing various financial strategies to stimulate consumption and support small and micro enterprises [9][10] Loan Performance - As of June 2025, the bank's small and micro finance loan balance reached 1,561.66 billion yuan, with a growth rate of 2.82% [7] - The bank's retail finance loan balance was 1,484.40 billion yuan, reflecting a modest increase [7] - The bank's focus on comprehensive services aims to balance the relationship between volume, capital, profit, and risk, especially in a competitive lending environment [6][8]