Xi Niu Cai Jing·2025-11-07 10:29Core Viewpoint - The financial performance of Chongqing Rural Commercial Bank (渝农商行) in the first three quarters of 2025 shows a slowdown in revenue growth compared to local peers, raising concerns about its operational outlook [2][3]. Financial Performance - For Q3 2025, the bank reported operating revenue of 6,916.9 million, a year-on-year increase of 1.10%, and a net profit of 3,078.0 million, up 2.14% [1]. - For the first nine months of 2025, the bank's operating revenue reached 21,657.7 million, reflecting a growth of 0.67%, while the net profit was 10,924.9 million, an increase of 3.32% [1][3]. - Interest income for the first three quarters was 347.59 million, down 6.49%, while interest expenses decreased by 9.62% to 169.09 million, indicating that the growth in net interest income was primarily due to reduced expenses rather than increased income [4]. Comparison with Peers - Chongqing Rural Commercial Bank's revenue growth is significantly lagging behind that of Chongqing Bank, which reported a 10.40% increase in revenue for the same period [2]. Investment Income - The bank's investment income for the first three quarters was 34.95 million, down 8.10%, contrasting with many domestic banks that reported substantial increases in investment income [4]. Cost Management - The bank's business and management expenses for the first three quarters were 58.92 million, a year-on-year increase of 1.84%, with other general and administrative expenses decreasing by 9.17% [5]. Asset Quality - As of Q3 2025, the bank's non-performing loan balance was 87.11 million, an increase of 2.92 million from the end of 2024, with a non-performing loan ratio of 1.12%, down 0.06 percentage points [5]. Leadership Changes - The bank has experienced significant leadership changes, with the chairman resigning in October 2024 and the current acting chairman, Sui Jun, serving in this role for nearly a year, which exceeds the regulatory limit of six months for acting positions [7][9][10].