Chang Jiang Shang Bao·2026-01-05 04:55Group 1: Management Changes - On December 31, 2025, Zhejiang Zheshang Bank announced a significant management restructuring, transitioning to a "one president and four vice presidents" model, thereby streamlining its executive team [1][4][6] - Chen Haiqiang resigned as president but will continue as the party secretary and executive director, while Lv Linhua has been appointed as the new president, pending regulatory approval [1][4][5] - The bank eliminated four assistant president positions, reducing the executive structure from "one president, three vice presidents, and four assistant presidents" to "one president and four vice presidents" [1][6] Group 2: Asset Quality and Financial Performance - Zhejiang Zheshang Bank's non-performing loan (NPL) ratio has improved, decreasing from 1.53% in 2021 to 1.36% in the first three quarters of 2025, marking a continuous decline over four years [2][10] - As of the end of Q3 2025, the bank's total assets reached 3.39 trillion yuan, reflecting a year-on-year increase of 634.73 billion yuan, or 1.91% [9] - The bank's net interest margin for the first three quarters of 2025 was 1.67%, down from 1.71% in 2024, indicating a narrowing trend in net interest margins [8] Group 3: Strategic Focus and Initiatives - The bank is focusing on high-quality development and has initiated a three-year action plan (2025-2027) to deepen its presence in Zhejiang, aiming to enhance its market share [11] - Zhejiang Zheshang Bank has committed to providing no less than 100 billion yuan in new financing services annually to support major projects in the region [11] - The bank is also advancing its digital transformation efforts to improve operational efficiency, with a cost-to-income ratio of 26.44%, down 1.46 percentage points year-on-year [9]