渤海银行去年营收净利润双增！息差回升，利息净收入增一成多

Core Insights - Bohai Bank reported a year-on-year increase in both revenue and net profit for the year 2025, with revenue reaching 25.97 billion yuan, an increase of 488 million yuan or 1.92%, and net profit at 5.498 billion yuan, up by 242 million yuan or 4.61% [2] Revenue and Income Breakdown - The bank's net interest income grew by 12.08% year-on-year to 17.421 billion yuan, with a net interest margin increasing by 0.14 percentage points to 1.26% and a net interest yield of 1.37%, up by 0.06 percentage points [3] - However, non-interest income decreased by 13.99% to 8.549 billion yuan, primarily due to a decline in fees from agency and asset management services, which fell by 36.27% [3][4] - Specific declines in fee income included: - Agency and asset management fees down 36.27% to 1.169 billion yuan - Settlement and clearing fees down 10.87% to 889 million yuan - Custody fees down 28.06% to 201 million yuan - Advisory and consulting fees down 37.16% to 798 million yuan - Bank card fees down 38.70% to 589 million yuan [4] Asset Quality and Loan Performance - As of the end of last year, Bohai Bank's total assets reached 1.934 trillion yuan, an increase of 90.567 billion yuan or 4.91% [5] - The non-performing loan (NPL) balance decreased by 5.59 billion yuan to 15.921 billion yuan, with an NPL ratio of 1.66%, down by 0.1 percentage points [5] - The bank's personal loan NPL ratio improved to 3.80%, a decrease of 0.35 percentage points, although it remains high compared to peers [5] - In contrast, the NPL ratio for corporate loans rose to 1.15%, an increase of 0.04 percentage points [5] Industry-Specific Loan Performance - The NPL ratios for various industries showed mixed results: - Real estate NPL ratio increased from 1.59% to 2.12% - Construction NPL ratio rose from 2.39% to 4.19% - Information transmission, software, and IT services saw a significant increase from 0.74% to 4.45% - Scientific research and technical services NPL ratio increased from 0.35% to 1.97% - Conversely, manufacturing and wholesale/retail sectors experienced declines in NPL ratios [6]