Nan Fang Du Shi Bao·2026-02-03 04:05Group 1 - The core point of the news is the approval of Xu Mingjie as the Chief Risk Officer of China Merchants Bank, effective from January 30, 2026, following the resignation of the previous officer, Zhong Desheng [2] - Xu Mingjie has a long tenure at China Merchants Bank, having joined in 1995 and held various senior positions, including Vice President and General Manager of several departments [2] - The approval from the National Financial Regulatory Administration signifies Xu's formal responsibility for the bank's risk management [2] Group 2 - As of December 31, 2025, China Merchants Bank reported a non-performing loan ratio of 0.94%, the only one among 12 joint-stock banks to remain below 1% [4] - The bank's provision coverage ratio stands at 391.79%, despite a decrease of 20.19 percentage points from the previous year, still exceeding other joint-stock banks [4] - The total assets of China Merchants Bank reached 130,705.23 billion yuan, an increase of 9,184.87 billion yuan, or 7.56%, from the previous year [5] - The bank's total liabilities increased to 117,896.24 billion yuan, up 8,710.63 billion yuan, or 7.98%, year-on-year [5] - In terms of profitability, the bank achieved an operating income of 3,375.32 billion yuan, a slight increase of 0.44 billion yuan, or 0.01%, year-on-year [5] - The total profit reached 1,789.93 billion yuan, reflecting a year-on-year increase of 3.41 billion yuan, or 0.19% [5] - The net profit attributable to shareholders was 1,501.81 billion yuan, up 17.90 billion yuan, or 1.21%, year-on-year [5] - The bank managed to turn around its revenue growth from negative to positive in the fourth quarter of 2025, after experiencing a decline in the first three quarters [5]