半年新增40万“中产”客户招商银行人均月薪5万元

Core Viewpoint - The recent adjustments in customer rights at China Merchants Bank have not significantly impacted the growth of retail customers, with a notable increase in high-net-worth clients despite challenges in retail loan performance [1][2]. Retail Customer Growth - As of the end of 2025, China Merchants Bank has 216 million retail customers, a 2.86% increase from the previous year [1]. - The number of high-net-worth clients (with average total assets of 500,000 RMB) has reached 182,700, reflecting an 8.07% growth [1]. Retail Loan Performance - Retail loan balance stood at 3.61 trillion RMB as of June 30, 2025, marking a 0.94% increase year-on-year, but the proportion of retail loans in total loans decreased by 1.21 percentage points to 53.43% [4]. - Excluding credit cards, the retail loan balance was 2.68 trillion RMB, up 2.16% year-on-year, with a 0.41 percentage point decline in its share of total loans to 39.76% [5]. Loan Quality Concerns - The retail non-performing loan balance increased to 37.71 billion RMB, up 2.58 billion RMB from the previous year, with a non-performing loan rate of 1.03%, an increase of 0.07 percentage points [7]. Credit Card Business Challenges - Credit card transaction volume decreased by 8.54% year-on-year to 2.02 trillion RMB, with interest income down by 4.96% to 30.61 billion RMB [7]. - The non-performing loan rate for credit cards remained stable at 1.75% [7]. Overall Financial Performance - For the first half of 2025, China Merchants Bank reported total operating income of 169.96 billion RMB, a decline of 1.72% year-on-year, while net profit attributable to shareholders was 74.93 billion RMB, a slight increase of 0.25% [9]. - The bank's tax expense decreased by 7.61 million RMB, contributing to the positive net profit growth despite a 0.82% decline in total profit [10]. Cost and Efficiency Metrics - The cost-to-income ratio increased to 30.11%, up 0.37 percentage points year-on-year, while the bank is actively working to reduce business and management expenses [11]. - Employee count reached 118,068, with an average monthly salary of approximately 50,000 RMB [11].