台州银行业绩“换挡”！“小微金融标杆”如何破解路径依赖？

Core Viewpoint - Taizhou Bank, known for its microfinance services, has reported a significant decline in both revenue and net profit for the first three quarters of 2025, marking the first negative growth in nearly a decade [2][3]. Financial Performance - For the first three quarters of 2025, Taizhou Bank achieved revenue of 8.432 billion yuan, a year-on-year decrease of 11.44% [3]. - Net profit fell by 22.59% to 2.904 billion yuan, continuing a downward trend from the previous year [2][3]. - The bank's revenue and net profit have both declined for the first time in nearly ten years [3]. Loan Distribution - As of the end of 2024, Taizhou Bank's total loans and advances amounted to 238.96 billion yuan, with 78.53% concentrated in five key industries: manufacturing, wholesale and retail, construction, agriculture, and leasing and business services [3][4]. - The breakdown of loan balances by industry shows that manufacturing accounts for 30.93%, wholesale and retail for 28.92%, and construction for 10.69% [4]. Competitive Landscape - Taizhou Bank faces increasing competition from larger banks that are expanding their services to micro and small enterprises, often at lower interest rates [6]. - The average interest rate for new microenterprise loans from major state-owned banks was reported to be just above 3%, significantly lower than Taizhou Bank's net interest margin of 2.83% [6]. Operational Challenges - The bank's reliance on a large workforce (over 12,000 employees) has led to high operational costs, with business and management expenses reaching 3.508 billion yuan, accounting for 41.61% of revenue [8]. - In response to performance pressures, the total compensation for the bank's directors and senior management decreased by nearly 30% in 2024 [7][8]. Strategic Shifts - The bank's traditional "human resource-intensive" model is being challenged by advancements in digital technology, which allow for more efficient customer acquisition and risk management [9][10]. - Other regional banks, such as Ningbo Bank and Hangzhou Bank, are successfully leveraging technology to enhance their competitive edge in the microfinance sector [10]. Future Outlook - The bank's transition path is seen as a potential industry benchmark, emphasizing the need for regional microfinance institutions to innovate and adapt to changing market conditions [11].