中国银行业-2025 年四季度总结：营收前景改善，信贷成本或为 2026 年关键分化驱动因素-China – Banks 4Q25 Wrap-Improving revenue outlook, credit cost likely key divergent driver for 2026

March 30, 2026 06:18 PM GMT China – Banks: 4Q25 Wrap | Asia Pacific Improving revenue outlook, credit cost likely key divergent driver for 2026 We saw more signs of stabilizing NIM and healthy fee income growth in 4Q25 results. We believe CCB, BOC, CITIC, Industrial Bank, and PAB can report above-peer rebound in revenue and profit growth in 2026, considering both revenue growth and room to reduce or maintain credit costs. More modest NIM pressure and healthy fee income to support improving revenue growth tr ...