2025年10月31日，浙商银行2025年第三季度业绩说明会在全景网顺利举行。出席本次业绩说明会的人员 有党委委员、副行长、董事会秘书骆峰、独立董事许永斌、行长助理、首席风险官潘华枫、行长助理侯 波。 根据全景数据后台统计，在今天的交流过程中，来自全国多个省、市地区的投资者共向上市公司提问9 个，公司嘉宾共回答问题8个，答复率88.89%，充分实现了上市公司与投资者的良好互动。 以下为业绩说明会问答实录： 回答：公司暂未回复。 2、问：面对行业"低增长、低息差"的持续挑战，贵行前三季度延续营收和净利润同比负增长，想请教 管理层主要受哪些因素影响？三季度息差收窄幅度相较不错，资产负债端是如何改善的？如何判断未来 走势？【征集问题】 回答： 尊敬的投资者，您好！2025年前三季度，我行实现营业收入489.3亿元，归母净利润116.7亿元， 同比分别下降6.8%和9.6%，整体符合年初既定的"巩固成果、夯实基础、优化结构"经营思路，也符合 当前形势下我行高质量发展需要的预算目标。 前三季度经营主要受以下几个因素影响：一是净息差仍 然处在下行通道，前三季度我行净息差1.67%，同比下降13个基点，利息净收入344.4 ...

格隆汇11月3日｜浙商银行在业绩说明会上表示，不断加强对消费领域的金融支持。我行将持续加大消 费信贷投放力度，优先支持汽车、家电、家居、旅游、教育、文化等重点消费领域，加大消费品以旧换 新、新型消费的支持力度。充分利用好我行"云信贷"、"云闪贷"、"扬帆贷"、"购车易贷"等产品组合， 针对不同消费者提供量身定制的信贷服务，全力满足消费者多样化的融资需求，助力消费增长潜能的释 放。 ...

Core Viewpoint - Jiangnan Rural Commercial Bank demonstrates steady growth and resilience in its operations, with a focus on serving the local economy and small micro enterprises, as evidenced by its financial performance in the first half of 2025 [1][2][3] Group 1: Financial Performance - As of June 30, 2025, Jiangnan Rural Commercial Bank reported total deposits of 462.82 billion yuan, an increase of 38.1 billion yuan or 9% from the beginning of the year [1][2] - The total loan balance reached 380.93 billion yuan, with an increase of 10.67 billion yuan or 2.9% year-to-date [1][2] - The bank achieved operating income of 6.57 billion yuan, a year-on-year growth of 0.2%, and a net profit of 2.54 billion yuan, reflecting a 1.6% increase [1][3] Group 2: Asset Quality - The bank's non-performing loan (NPL) balance stood at 4.87 billion yuan, with an NPL ratio of 1.28%, a slight decrease of 0.02 percentage points from the beginning of the year [2] - The provision coverage ratio improved to 232.9%, an increase of 3.2 percentage points, indicating enhanced risk resistance [2] - The bank's strategy of "small and dispersed" loans contributed to the reduction of single-client default risks, with large loans accounting for 29.9% of the total [2] Group 3: Small Micro Loan Growth - The small micro loan segment has become a significant contributor to the bank's loan growth, with the establishment of a dedicated small micro loan division in early 2024 leading to substantial increases in lending [3][4] - By June 30, 2025, the small micro loan division had completed credit approvals for 2,107 clients, with a total credit amount of 2.23 billion yuan [3][4] Group 4: Customer Engagement and Service - The bank's team employed extensive outreach strategies, including 81,409 phone calls and 51,902 in-person visits to potential small micro clients, enhancing market penetration [4][5] - The bank's "backpack spirit" and "iron-foot spirit" emphasize on-the-ground service, allowing for efficient loan processing and customer engagement [5][6] - The bank has implemented a "cloud loan" system, reducing loan processing time from 1-2 days to as fast as 2 hours, significantly improving service efficiency for small micro enterprises [6][7]

Core Viewpoint - The expansion of personal consumption loan limits by banks aims to alleviate financial pressure on consumers and stimulate spending, with various banks increasing loan amounts and extending repayment terms [4][5][9]. Group 1: Loan Limit Increases - China Bank has raised its "Zhongyin E-loan" limit from 200,000 to 300,000 yuan, while the "Sui Xin Zhi Dai" limit has increased from 300,000 to 500,000 yuan [4]. - Industrial and Commercial Bank of China's "Rong E Borrow" now offers a maximum loan of 300,000 yuan with a repayment period extended to 7 years [5]. - China Merchants Bank's "Shan Dian Dai" allows for loan terms of up to 7 years and a maximum amount of 500,000 yuan for offline withdrawals [5]. Group 2: Impact on Consumer Spending - Analysts suggest that increasing credit limits aligns with consumer demand for higher-value goods and services, potentially boosting the entire supply chain, including manufacturing and sales [9]. - The expansion of consumption loan limits is expected to have a noticeable positive effect on consumer activity in the short term, enhancing market vibrancy [9]. Group 3: Risk Management and Regulatory Considerations - There are concerns regarding the flow and usage of consumption loan funds, emphasizing the need for banks to strengthen risk control measures [9]. - The necessity for banks to simplify loan application processes and enhance promotional efforts for consumption loans is highlighted as crucial for effective implementation [9].

Core Viewpoint - The article discusses the recent trends in consumer loan rates in China, highlighting a significant decrease in interest rates and an increase in loan limits and terms, which are expected to stimulate consumer spending and support economic growth [3][4][5]. Summary by Sections Consumer Loan Rates - Many banks have reduced consumer loan rates to below 3%, with some even reaching as low as 2.5% [4][9]. - For instance, the interest rate for a flash loan was reported at 2.58% in March, down from approximately 2.8% at the beginning of the year [3][6]. - The average minimum executable interest rate for online consumer loans from national banks was 2.91% in February 2025, showing a month-on-month decrease of 7 basis points and a year-on-year decrease of 28 basis points [9]. Loan Limits and Terms - Banks are extending loan terms up to 7 years, with some products offering repayment options over 84 months [3][7]. - The maximum loan amount for certain products can reach 1 million yuan, while online applications may allow for up to 200,000 yuan [7][8]. - The adjustments in loan limits and terms aim to address the growing demand for large-scale consumer spending in areas such as automotive purchases and home renovations [7][8]. Economic Impact - The expansion of consumer loans is expected to boost industries like automotive and home improvement, contributing to short-term economic stability [8]. - The central economic work conference for 2024 emphasized the importance of enhancing consumption and investment efficiency as key tasks for 2025 [3]. Policy and Regulatory Support - The financial regulatory authorities have encouraged the expansion of consumer finance, leading to increased activity among banks [3][10]. - Specific measures proposed include enhancing financial support for consumer demand and providing favorable terms for long-term, large-scale consumption needs [11][12]. Future Outlook - There is potential for further reductions in interest rates as banks adjust to market conditions and regulatory guidance [9]. - The focus for banks may shift from price competition to value creation, emphasizing product innovation and customer segmentation to meet evolving consumer needs [14][15].