2025年对于上海银行（601229.SH）来说，是一个不太平静的年份。在这一年中，一方面市场看到，新董事长顾建忠等管理层自掏腰包增持股票、显示对公 司发展的信心；另一方面上海银行又因多项违规成为城商行体系在2025年内的"罚单王""罚金王"。 当前，上海银行的总资产规模增速亦成为需要关注之处。 Wind显示，截至2025年6月末，上海银行以约3.29万亿元的总资产规模，在A股17家上市城商行中位列第四，但是其2.18%的同比增速水平，已让上海银行在 这17家上市城商行中处于垫底水平。 图/新京报贝壳财经记者根据Wind数据制图 上海银行对公贷款（即公司贷款和垫款）与个贷（即个人贷款和垫款）占发放贷款和垫款的比重合计达到87.93%，但是从上海银行这两类资产的同比增速 对比来看，近五年来差别较为明显。 记者查询上海银行近五年半年报同期数据看到，不同于对公贷款，该行零售个贷同比增速呈现下降趋势。截至2025年6月末时，上海银行零售个贷部分同比 增速已至-6.35%。即与近五年同期数据相比，该行个贷增速首次进入负增长通道。 而这种在同业比较中处于"倒数三甲"的总资产同比增速水平，上海银行自2024年三季度以来已连 ...

Core Viewpoint - Ningbo Bank's mid-year report for 2025 shows a recovery in performance, with revenue growth of 7.91% year-on-year, pre-provision profit growth of 11.82%, and net profit attributable to shareholders increasing by 8.23% [1] Group 1: Financial Performance - In Q2 2025, Ningbo Bank's performance growth was driven by scale expansion, slower cost expenditure, and tax benefits, while increased provisioning and a continued narrowing of net interest margin negatively impacted net profit growth [1] - The average daily balance of interest-earning assets grew by 18.98% year-on-year in Q2, marking a 1.19 percentage point increase from Q1, indicating a recovery in growth rate over three consecutive quarters [1] - Non-interest income saw a year-on-year increase of 9.4% in Q2, with a significant contribution from wealth management and bond investment returns [6][8] Group 2: Loan and Deposit Trends - In Q2, net new loans amounted to 31.6 billion yuan, with a notable decline in personal loans, particularly in consumer and operational loans, while housing mortgage loans showed some growth due to a recovering real estate market [2] - New general corporate loans reached 35.1 billion yuan in Q2, with a total of 175.6 billion yuan added in the first half of the year, primarily directed towards broad infrastructure sectors [3] - Deposit growth slowed, with a decrease of 106.2 billion yuan in Q2, leading to a year-on-year growth rate of 12.7%, down 7.22 percentage points from Q1 [4] Group 3: Interest Margin and Cost Management - The net interest margin for Q2 was 1.72%, down 13 basis points year-on-year and 8 basis points from the previous quarter, influenced by a decrease in asset yield [4][5] - The cost-to-income ratio improved to 31.64%, a decrease of 2.41 percentage points year-on-year, reflecting effective cost management and operational efficiency [6] Group 4: Asset Quality and Risk Management - The non-performing loan generation rate for the first half of the year was 0.94%, a decrease of 27 basis points year-on-year, indicating stable asset quality [6] - Credit impairment losses increased by 35.5% year-on-year in Q2, impacting profit growth, while the provision coverage ratio slightly improved to 374% [7] Group 5: Future Outlook - The company is expected to see a revenue growth rate of 6.50% and a net profit growth rate of 5.48% for 2025, with a target price of 35.11 yuan, reflecting a 1.0X price-to-book ratio [8]

Core Viewpoint - CITIC Bank's asset quality remains stable, with a focus on risk management in retail business, indicating a positive trend for future non-performing loans [1][3]. Financial Performance - For the first half of 2025, CITIC Bank reported a net profit of 36.478 billion yuan, a year-on-year increase of 2.78%, while operating income decreased by 2.99% to 105.762 billion yuan [1][2]. Risk Management - The bank has intensified risk control in retail business, with a focus on improving product and customer structures, leading to a decrease in future non-performing loan indicators [3]. - As of the reporting period, CITIC Bank's non-performing loan balance was 67.134 billion yuan, an increase of 0.98% year-on-year, with a non-performing loan ratio of 1.16%, unchanged from the end of the previous year [3]. Strategic Focus - CITIC Bank has shifted its focus from scale to quality and efficiency, emphasizing the "retail first" strategy and aiming for reasonable and quality growth [2]. - The bank plans to enhance its return on equity (ROE) stability and improve investor returns in the second half of the year [2]. Interest Margin Outlook - The bank's net interest margin for the first half of the year was 1.63%, down 14 basis points year-on-year, but showed improvement in the second quarter compared to the first [4]. - The "anti-involution" policy is expected to stabilize the banking sector's net interest margin, with ongoing pressure from declining asset prices [4]. Industry Trends - The retail asset quality risk has increased across the banking industry, with major banks experiencing rising non-performing loan ratios despite expanding retail portfolios [3]. - The "anti-involution" measures are anticipated to drive high-quality development in related industries, impacting the overall industry ecosystem [5].

Group 1 - The total amount of loans in China reached 266.32 trillion yuan by the end of May, with a year-on-year growth of 7.1% [1] - The social financing scale stood at 426.16 trillion yuan, reflecting a year-on-year increase of 8.7% [1] - The broad money supply (M2) was 325.78 trillion yuan, showing a year-on-year growth of 7.9% [1] Group 2 - Over 90% of the new loans in the first five months were directed towards enterprises, with corporate loans increasing by 9.8 trillion yuan [2] - Medium to long-term loans accounted for over 60% of the total, amounting to 6.16 trillion yuan, providing stable support for enterprise investment and production [2] - The average interest rate for new corporate loans was approximately 3.2%, down about 50 basis points year-on-year [4] Group 3 - The Loan Prime Rate (LPR) was reduced for the first time this year, with the 5-year LPR dropping to 3% and the 1-year LPR to 3.5%, both down by 10 basis points [3] - The reduction in LPR is expected to stimulate credit demand and enhance investment and consumption potential [3] Group 4 - Personal medium to long-term loans increased by 834.7 billion yuan in the first five months, with a notable growth in May [4] - The balance of inclusive small and micro loans reached 34.42 trillion yuan, growing by 11.6% year-on-year, while medium to long-term loans in the manufacturing sector increased by 8.8% [4] Group 5 - The balance of corporate bonds grew by 3.4% year-on-year, and government bonds increased by 20.9%, indicating a shift towards direct financing [4][5] - The measures supporting the issuance of technology innovation bonds have facilitated corporate bond financing [5] Group 6 - The narrow money supply (M1) reached 108.91 trillion yuan, with a year-on-year growth of 2.3%, indicating a positive economic outlook [6] - The acceleration in the growth of "active money" suggests a recovery in investment and consumption activities [6] Group 7 - The financial policies are expected to maintain stable growth in total financing, with market confidence being boosted [7] - The recent policies aimed at promoting service consumption and elderly care loans are anticipated to enhance service consumption supply levels [7]

新华社北京6月13日电 题：5月金融数据出炉，新增贷款投向了哪里？ 新华社记者吴雨、任军 13日，5月金融统计数据出炉。哪些领域更"吸金"？哪些数据增长更亮眼？ 中国人民银行当日发布的金融统计数据显示，5月末，我国人民币贷款余额266.32万亿元，同比增 长7.1%；社会融资规模存量为426.16万亿元，同比增长8.7%；广义货币（M2）余额325.78万亿元，同 比增长7.9%。 "总体来看，金融总量保持平稳，前5个月新增贷款10.68万亿元，支持实体经济力度保持稳固。"清 华大学国家金融研究院院长田轩认为，5月降息等一揽子金融政策落地见效，进一步激发了信贷需求。 超10万亿元的信贷资金流向了哪里？ 从中国人民银行发布的数据可以看出，超九成新增贷款投向了企业。 数据显示，前5个月，我国企（事）业单位贷款增加9.8万亿元，其中中长期贷款增加6.16万亿元。 也就是说，中长期贷款占比超过六成，为企业投资和生产提供了稳定而有力的支持。 这也可以从个人贷款数据变化得以印证。前5个月，住户部门的中长期贷款增加8347亿元，其中5月 增长势头明显。 一家国有大行工作人员告诉记者，降息政策一出，不少银行已迅速跟进调整了个 ...

Group 1: Housing Sector Initiatives - The company has launched the first "rent loan" in the national system to support the housing rental market, easing the financial burden on new citizens and young groups [2] - The "rent loan" allows users to avoid upfront payments, making it easier for individuals like Mr. Huang to secure housing near their workplaces [2] - The company has also completed various innovative housing loan products, including "old-for-new" mortgage loans and loans for veterans, demonstrating its commitment to supporting housing needs [2] Group 2: Education Financing - The company issued the first personal "优学贷款" (优学 loan) in non-pilot areas, targeting graduate students and recent graduates to support their educational and living expenses [4] - This initiative aligns with the national strategy of cultivating high-level talent and addresses the financial needs of students during their critical career development phase [4] - Graduates like Mr. Xie have benefited from the "优学贷款," which has helped them manage their initial living costs while starting their careers [4] Group 3: Digital Payment Ecosystem - The company is a pioneer in the digital RMB pilot program, enhancing the digital payment infrastructure and expanding the application of digital currency in daily life [6] - It has partnered with various businesses to create a comprehensive "digital wallet + scenario ecosystem," improving the payment experience for consumers [6] - As of Q1 2025, the company leads in the growth and activity of digital RMB personal wallets, contributing to a more inclusive payment environment [6] Group 4: Overall Consumption Strategy - The company emphasizes the importance of boosting consumption as a mission, focusing on innovative financial solutions to address consumer pain points [8] - It aims to build a multi-layered and widely accessible consumer financial service system, ensuring that financial resources benefit households across the region [8]

Core Viewpoint - The recent reduction in Loan Prime Rate (LPR) is expected to lower financing costs for both enterprises and residents, thereby stimulating economic activity and consumer confidence [6][7][8]. Group 1: Impact on Enterprises - The one-year LPR has decreased to 3%, and the five-year LPR has dropped to 3.5%, both down by 10 basis points from the previous period, leading to a reduction in overall financing costs for the real economy [6]. - Companies like Maoming Boge Port Railway Co. have reported significant savings, with annual interest expenses reduced by 770,000 yuan, easing operational pressures [6]. - The average weighted interest rate for new corporate loans in April was approximately 3.2%, which is about 50 basis points lower than the same period last year, indicating a trend of declining loan rates [6][7]. Group 2: Impact on Residents - Homebuyers are benefiting from reduced mortgage interest burdens, with some banks adjusting their rates in response to the LPR decrease [8][9]. - For a 1 million yuan, 30-year mortgage, a 10 basis point drop in LPR can reduce monthly payments by 54 yuan and total interest payments by 19,000 yuan [9]. - In major cities, banks have quickly adjusted first-home loan rates to around 3.05%, which is expected to boost housing market activity and consumer purchasing power [9][10]. Group 3: Stimulating Consumer Spending - The LPR decline is also expected to lower costs for large consumer purchases, alleviating financial pressure on residents looking to improve their living conditions [11]. - For instance, a 300,000 yuan, 3-year consumer loan can save nearly 3,600 yuan in interest compared to last year, which can encourage spending on home renovations and other large purchases [11]. - Banks are actively expanding consumer credit offerings, with some products now offering rates as low as 3%, which is a 25 basis point decrease from the previous year [11].

Group 1: Monetary Policy Impact - The People's Bank of China (PBOC) has lowered the 7-day reverse repurchase rate from 1.50% to 1.40% effective May 8, which is expected to lead to a decrease in the Loan Prime Rate (LPR) by approximately 0.1% [1][2] - The reduction in policy rates is anticipated to lower various loan types, including mortgage rates, benefiting consumers and potentially stabilizing the real estate market [1][3] Group 2: Housing Loan Rates - Following the interest rate cuts, the personal housing mortgage rates are expected to decline, particularly if the 5-year LPR decreases [2][3] - The weighted average interest rate for newly issued commercial personal housing loans was reported at 3.11% in Q1 2025, with a further reduction in housing provident fund loan rates to 2.6% for first-time homebuyers [3] Group 3: Deposit Rates - The decline in loan rates is likely to be accompanied by a decrease in deposit rates, as banks seek to manage their net interest margins amid pressure [4][5] - Analysts predict that deposit rates may decrease by approximately 0.1%, with smaller banks already adjusting their rates downward [5][6]

一、利润有所回升，经营质效仍待提升 浦发银行 2024 年末总资产达到 9.46 万亿元 ，同比增长 5.05% ，总资产持续保持正增 长；当年实现营业收入 1707.48 亿元 ，同比继续下降 1.55% ， 营业收入连续多年负增长 ；当 年实现净利润 458.35 亿元 ， 同比增速高达 22.46% ，一反以往连续净利润下降趋势，成为全 年财报最大亮点。 虽然 2024 年净利润同比增长 22.46% ，但在总资产持续上升的背景下，营业收入持续下 降，净利润也仍远未能达到历史高点。 显示浦发银行整体资产经营效率较低。 2024 年浦发银行总资产平均收益率（ ROA ）仅为 0.50% ，净资产平均收益率（ ROE ） 也仅为 6.20% ，低于" 六大行 "，更低于同在十万亿资产附近的 招商银行 、兴业银行和中信 银行等股份大行。 | 单位: 亿元 | 总资产 | 増速 | 营业收入 | 増速 | 净利润 | 増速 | | 年化平均 ROA 年化加权 ROE | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 工商银行 | 488, 2 ...