Di Yi Cai Jing·2026-02-09 13:09Core Insights - The banking sector in Jiangsu, Zhejiang, and Shanghai is showing strong performance in 2025, with significant growth in net profit and operating income driven by resilient regional economies and proactive credit issuance [1][2] Financial Performance - Several city and rural commercial banks reported growth in net profit and operating income, with Hangzhou Bank's net profit increasing by 12.05% to 19.03 billion yuan, while Nanjing Bank and Ningbo Bank reported net profits of 29.33 billion yuan and 21.81 billion yuan, respectively [1][3] - Nanjing Bank's operating income grew by 10.48% to 50.27 billion yuan, leading among city commercial banks, while Ningbo Bank's revenue increased by 8.01% to 71.97 billion yuan [5][4] - Loan balances showed double-digit growth, with Ningbo Bank's loan growth at 17.43%, and Hangzhou Bank's loans surpassing 1 trillion yuan with a growth of 14.33% [5][6] Asset Quality - The overall asset quality of Jiangsu, Zhejiang, and Shanghai city commercial banks remains stable, with non-performing loan (NPL) ratios either flat or declining. For instance, Pudong Development Bank's NPL ratio decreased to 1.26% [7][6] - The provision coverage ratio for Hangzhou Bank is notably high at 502.24%, indicating strong risk management practices [7][6] Non-Interest Income - Non-interest income and intermediary business are becoming crucial for banks in Jiangsu, Zhejiang, and Shanghai, especially under pressure from net interest margins [8][10] - Hangzhou Bank's retail customer assets under management (AUM) grew by 15.73%, contributing to a 13.1% increase in fee and commission income [8][10] - Ningbo Bank's net commission income surged by 30.72%, driven by a favorable capital market and wealth distribution business [9][10]