Bei Jing Shang Bao·2025-10-29 13:36Core Insights - The core viewpoint of the article is that China Merchants Bank reported a slight decline in operating income for the first three quarters of 2025, while net profit showed a modest increase, indicating mixed financial performance amidst a challenging economic environment [1] Financial Performance - For the first nine months of 2025, the bank achieved operating income of 251.42 billion yuan, a year-on-year decrease of 0.51% [1] - The net profit attributable to shareholders was 113.77 billion yuan, reflecting a year-on-year increase of 0.52% [1] - Net interest income reached 160.04 billion yuan, up 1.74% year-on-year [1] - Non-interest income totaled 91.38 billion yuan, down 4.23% compared to the previous year [1] Asset and Liability Overview - As of the end of the reporting period, total assets amounted to 12.64 trillion yuan, an increase of 4.05% from the end of the previous year [1] - Total loans and advances reached 7.14 trillion yuan, growing by 3.60% year-on-year [1] - Total liabilities were 11.37 trillion yuan, up 4.12% from the previous year-end [1] - Customer deposits totaled 9.52 trillion yuan, reflecting a year-on-year increase of 4.64% [1] Credit Quality Metrics - The non-performing loan balance stood at 67.43 billion yuan, an increase of 1.82 billion yuan from the end of the previous year [1] - The non-performing loan ratio was 0.94%, a decrease of 0.01 percentage points from the previous year-end [1] - The provision coverage ratio was 405.93%, down 6.05 percentage points from the previous year-end [1] - The loan provision ratio was 3.84%, a decrease of 0.08 percentage points from the previous year-end [1] - The annualized credit cost for the first nine months of 2025 was 0.67%, an increase of 0.02 percentage points compared to the full year of 2024 [1]