智通财经APP讯，中银香港(02388)发布公告，2025年首9个月，本集团提取减值准备前的净经营收入按 年上升6.3%至571.79亿港元。计入外汇掉期合约的资金收入或成本后的净利息收入按年下降 0.7%至 433.00亿港元，净息差按年收窄8个基点至1.54%，主要由于市场利率低于去年同期，令资产收益率下 降。本集团加强存款定价和期档管理，积极优化存款结构，推动支储存款增长，部分纾缓市场利率下降 的影响。净服务费及佣金收入按年上升22.1%至90.51亿港元，主要由于投资市场气氛回暖，本集团把握 客户财富管理需求殷切的机遇，强化理财产品和综合服务能力，证券经纪、保险、基金分销及管理佣金 收入上升，信用卡业务、信托及托管和缴款服务的佣金收入亦有所增加。净交易性收入按年上升，主要 由于全球市场交易业务收入上升。 减值准备净拨备为51.23亿港元，按年上升18.00亿港元，主要由于若干客户内部评级下调及个别存量不 良户情况转差而增提拨备。客户贷款及其他账项的年度化信贷成本为0.40%，较去年同期上升0.14个百 分点。 经营支出按年上升1.9%，其中人事费用、资讯科技投入及广告费等业务支出上升。成本对收入比率为 ...

Core Insights - Bank of China Hong Kong (02388) reported a net operating income of HKD 40.022 billion for the first half of 2025, an increase of 13.26% year-on-year [1] - The profit attributable to shareholders was HKD 22.12 billion, up 10.54% year-on-year, with basic earnings per share at HKD 2.0952 and an interim dividend of HKD 0.58 per share proposed [1] - The net interest income, after accounting for foreign exchange swap contracts, rose to HKD 28.929 billion, a 0.4% increase year-on-year, driven by the growth in average interest-earning assets [2] Financial Performance - The net interest income before impairment provisions was HKD 25.063 billion for the first half of 2025, supported by a 5.7% year-on-year increase in average interest-earning assets, amounting to HKD 2,038.71 billion [2] - The net interest margin, after including foreign exchange swap contracts, was 1.54%, a decrease of 7 basis points year-on-year due to lower market interest rates compared to the previous year [2] - Total assets reached HKD 439.982 billion as of June 30, 2025, reflecting a growth of HKD 20.5414 billion or 4.9% from the end of the previous year [2] Revenue Sources - Net service fee and commission income increased year-on-year, benefiting from improved market conditions, particularly in insurance, securities brokerage, and fund business commissions [1] - Net trading income also rose year-on-year, offsetting the increase in operating expenses, impairment provisions, and net losses from fair value adjustments of investment properties [1] - Cash and balances with banks and other financial institutions decreased by HKD 12.7679 billion or 20.9%, primarily due to a reduction in deposits with the central bank [2]