城商行头部座次迎来新变化。 随着2025年上半年A股上市银行中报收官，城商行阵营中，江苏银行（600919）以4.79万亿元的资产总 额、21.16%的增速超越长期占据"一哥"宝座的北京银行，改写城商行头部阵营格局。 回溯发展轨迹，作为国内城商行的"老牌标杆"，北京银行曾凭借首都地缘与先发上市两大优势，长期稳 居城商行榜首，资产规模从2007年的3542.23亿元一路攀升至4.75万亿元；而在北京银行上市之年才挂牌 开业的江苏银行则成为"后起之秀"，一方面，凭借对公业务深度绑定区域经济，另一方面，以零售业务 为新增长引擎，实现了"弯道超车"。 "一哥"易主背后，是城商行行业分化的缩影，当前17家A股上市城商行已形成清晰"三层梯队"，站在发 展路口，如何依托区域特色打造差异化竞争力、通过资本补充支撑可持续发展，成为行业共同关注的焦 点。 新"一哥"登顶 17家A股上市城商行资产版图迎来新一轮更迭。 今年上半年，江苏银行以4.79万亿元的资产总额，超越北京银行4.75万亿元资产总额，摘下城商行"一 哥"桂冠。今年上半年，江苏银行资产总额增速为21.16%，明显高于北京银行的12.53%增速，实现登 顶。 在此之前 ...

Core Insights - Jiangsu Bank has surpassed Beijing Bank to become the largest city commercial bank in China, with total assets of 4.79 trillion yuan and a growth rate of 21.16% in the first half of 2025, compared to Beijing Bank's 4.75 trillion yuan and 12.53% growth rate [1][3][5] - The shift in leadership reflects a broader trend of differentiation within the city commercial banking sector, where 17 listed banks have formed a clear three-tier competitive structure [1][11] Group 1: Historical Context - Beijing Bank, established in 1996, held the top position in city commercial banks for many years, leveraging its geographical advantages and early market entry to grow from 354.22 billion yuan in 2007 to 4.75 trillion yuan [3][4] - Jiangsu Bank, founded later in 2007, has focused on regional economic development and retail banking, leading to significant growth in its asset scale [3][5] Group 2: Growth Trajectory - Jiangsu Bank's asset growth has accelerated in recent years, with total assets reaching 2.34 trillion yuan at the end of 2020, 2.62 trillion yuan in 2021, and 2.98 trillion yuan in 2022, ultimately surpassing Beijing Bank in 2025 [4][5] - In 2022, Jiangsu Bank achieved operating income of 70.57 billion yuan and net profit of 25.39 billion yuan, exceeding Beijing Bank's figures [5] Group 3: Business Strategy - Jiangsu Bank's rapid growth is attributed to its deep integration with regional economic development, particularly in sectors like smart manufacturing and new energy vehicles, which have generated strong deposit and credit demand [6][7] - The bank has shifted its focus from a broad retail strategy to targeting specific customer segments and industries, enhancing its competitive edge [7][11] Group 4: Financial Performance - As of mid-2025, Jiangsu Bank's corporate loans reached approximately 1.63 trillion yuan, with significant growth in manufacturing and infrastructure loans [7][8] - Retail deposits and assets under management (AUM) have also seen substantial increases, although credit card loan growth has declined [8] Group 5: Competitive Landscape - The city commercial banking sector is increasingly competitive, with Jiangsu Bank, Beijing Bank, Ningbo Bank, and Shanghai Bank forming the first tier, all exceeding 3 trillion yuan in assets [11] - Smaller banks are encouraged to adopt differentiated strategies and collaborate with larger institutions to enhance their market position [12][13]