2 1 Shi Ji Jing Ji Bao Dao·2025-11-01 02:45Core Insights - Minsheng Bank reported a net interest margin (NIM) of 1.47% for Q3 2025, showing a recovery compared to previous periods, driven by improved asset-liability management and customer operations [1][3] - The bank's total operating income reached 108.5 billion yuan for the first three quarters, marking a year-on-year growth of 6.74%, with both net interest income and non-interest income contributing to this increase [1][5] Group 1: Net Interest Margin Improvement - The NIM increased due to a combination of factors, including a decline in deposit rates, effective management of interbank liabilities, and stable investment yields [3][4] - Deposit interest rates fell by 13 basis points in Q3, with a higher proportion of low-cost demand deposits contributing to this decline [3] - Interbank liability rates decreased by 14 basis points, aided by improved management of interbank funding and an increase in demand deposits [3] Group 2: Revenue Growth Drivers - The growth in operating income was primarily driven by sustainable expansion of core business, with significant increases in customer scale and quality [5][6] - The number of retail customers grew by 5.38%, while private banking clients increased by 18.21%, indicating a solid customer base for future growth [5] - Net interest income rose to 75.51 billion yuan, reflecting a year-on-year increase of 2.40%, supported by a 0.73% growth in average interest-earning assets [5] Group 3: Future Outlook - The bank anticipates a continuation of a loose market funding environment, which will support further declines in funding costs [4] - Strategies will focus on enhancing customer service and expanding product offerings, particularly in payment settlement and wealth management, to drive fee and commission income [6] - The bank aims to maintain asset quality while promoting steady profit growth through effective management of non-performing loans [6]