PAB(SZ:000001) Zheng Quan Ri Bao Wang·2025-10-24 13:35Core Insights - Ping An Bank reported a decline in revenue and net profit for the first three quarters of 2025, with operating income at 100.67 billion yuan, down 9.8% year-on-year, and net profit attributable to shareholders at 38.34 billion yuan, down 3.5% year-on-year [1][2] Financial Performance - The bank's total assets reached 5.77 trillion yuan, with total loans and advances at 3.42 trillion yuan, an increase of 1.3% from the end of the previous year, and total deposits at 3.55 trillion yuan, up 0.6% [1] - The average interest rate on interest-bearing liabilities decreased by 47 basis points to 1.73%, while the average interest rate on deposits fell by 43 basis points to 1.70%, indicating effective cost optimization [1] Risk Management - As of September 2025, the non-performing loan ratio was 1.05%, a slight decrease of 0.01 percentage points from the end of 2024, with a provision coverage ratio of 229.60%, maintaining a good level of risk compensation ability [1] Business Strategy - The bank's strategic focus on retail strength, precision in corporate banking, and specialization in interbank operations continues to drive its business transformation [1][2] - The housing mortgage loan balance reached 352.35 billion yuan, up 8.1% year-on-year, and the auto finance loan balance was 300.3 billion yuan, up 2.2% year-on-year [2] - Wealth management clients increased to 1.49 million, a growth of 2.4%, with private banking clients at 103,300, up 6.7%, and assets under management (AUM) for private banking clients at 1.97 trillion yuan [2]