On the evening of March 30, CEB BANK released its 2025 Annual Report. The report indicates that the bank resolutely implemented the decisions and plans of the Party Central Committee and the State Council, balanced high-quality development with high-level security, advanced reforms in key areas, enhanced the effectiveness of financial services for the real economy, cultivated differentiated competitive advantages, and strictly maintained the bottom line for preventing various risks, resulting in stable operational development.
The bank actively served national strategies and supported the development of the real economy by focusing on the five key areas of finance. In technology finance, it continued to improve the specialized "1+16+100" organizational system for technology finance, building a distinctive support system characterized by strong service, products, ecosystem, research, and digital intelligence to provide diversified financial services throughout the lifecycle for technology-based enterprises. By the end of 2025, the balance of technology loans reached 703.7 billion yuan, an increase of 65 billion yuan from the end of the previous year, representing growth of 10.2%.
In green finance, the bank continued to advance system construction, product innovation, and service upgrades, establishing a comprehensive green finance product spectrum centered on green loans, supplemented by various specialized green financial products and industry solutions. The balance of green loans was 469.1 billion yuan, an increase of 56 billion yuan from the end of the previous year, up 13.6%.
For inclusive finance, the bank deepened the implementation of financing coordination mechanisms for small and micro enterprises, continuously optimized its series of online products including credit-based, guarantee-based, and mortgage-based offerings, and enhanced its capabilities in business expansion and risk management for inclusive finance. The balance of inclusive loans was 462.8 billion yuan, an increase of 27 billion yuan from the end of the previous year, up 6.2%.
In pension finance, the bank launched the "He Guang Yi Xiang" brand, creating two distinctive features: comprehensive "finance + healthcare, wellness, culture, and tourism" services and synergistic "bank-pension" services. It continued to expand the number of "Pension Finance Service Centers," providing comprehensive financial services for pension service institutions. Throughout 2025, the bank offered over a thousand pension financial products, and its pension finance zones served 3.11 million customer visits.
Regarding digital finance, the bank fully utilized advanced technologies such as big data, cloud computing, and artificial intelligence to accelerate the digitalization, mobilization, intelligence, and ecosystem integration of key business processes, with a focus on developing payment and bill payment scenarios as well as financing scenarios.
The bank actively implemented requirements to serve national strategies. It supported the country's major regional development strategies, with corporate loan balances in the six key regions—Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Yangtze River Economic Belt, Yellow River Basin ecological protection, and Hainan Free Trade Port—approaching 2 trillion yuan, an increase of 5.6% from the end of the previous year.
It released the "Work Plan for Building Advantages in Cross-Border Financial Business" to implement the requirements of the Belt and Road Initiative and support Chinese enterprises going global. Loans to countries and regions involved in Belt and Road cooperation grew by 32.37%.
To boost consumption, the bank developed consumer finance, implemented personal consumer credit subsidy policies, standardized and optimized specialized consumer credit products like "Guang Su Dai," built the "Yue Hui Guang Da" brand system, and conducted promotional activities such as the "Ice and Snow Fun Festival." It also supported the replacement of old consumer goods, with merchant/product installment business growing by 80%.
The bank accelerated the implementation of incremental financial policies. It diligently carried out relending policies, with the scale of relending for scientific innovation, equipment upgrades, and share buybacks reaching 17 billion yuan. It issued 7 batches of the nation's first technological innovation bonds and applied for 2.47 billion yuan in relending for services consumption and pensions.
It supported financing coordination mechanisms for the real estate sector and small and micro enterprises, helping to establish a new model for real estate development. It promoted the inclusion of all eligible "white list" projects, approving project financing totaling 172.5 billion yuan. It increased credit support for small and micro enterprises, approving financing of 539.3 billion yuan for listed enterprises.
CEB BANK focused on cultivating distinctive operations to enhance its differentiated competitiveness. It adhered to concentrating on its main business and developing in complementary niches, striving to build six specialized business lines.
First, it developed its Sunlight Sci-Tech Finance business, focusing on key sectors and deepening comprehensive scenario-based services, offering a full lifecycle product system covering equity, loans, bonds, trusts, and private banking.
Second, it enhanced its Sunlight Wealth Management business, strengthening investment research capabilities and establishing a full-range product shelf. By the end of 2025, retail Assets Under Management (AUM) grew by 6.5%, wealth management scale increased by 21.7%, and fee income from wealth management business rose by 61.4%.
Third, it continued to expand its leading advantage in cloud-based bill payment services, focusing on 8 key areas of people's livelihoods. It integrated over 19,700 payment items, with annual payment volume reaching 979.3 billion yuan, a growth of 8.3%.
Fourth, it boosted the influence of its Sunlight Investment Banking brand, expanding and improving the specialized credit bond investment pool. Annual bond underwriting amounted to 412.8 billion yuan, and merger and acquisition loans issued totaled 27.5 billion yuan. Businesses such as matchmaking and equity financing maintained positive momentum, with 7.37 billion yuan in M&A loans issued to technology enterprises.
Fifth, it optimized and strengthened its transaction banking business, constructing a comprehensive "Sunlight Transaction+" financial service system. It launched the "e-Series" of online standardized products covering the upstream, midstream, and downstream of the supply chain, added 34 benchmark supply chain projects, and saw supply chain customers grow by 17.4%. Fee income from transaction banking increased by 3.0%.
Sixth, it promoted the steady development of its financial markets business, solidifying the foundation of proprietary investment and developing client-driven derivatives business. Fee income from financial markets grew by 13.7%, and the custody scale of asset management products for the whole bank increased by 5.4%.
The bank achieved steady growth in scale, with net interest margin remaining stable throughout the year. By the end of 2025, total assets reached 7,165.3 billion yuan, an increase of 206.3 billion yuan from the end of the previous year, up 3.0%. Total loans amounted to 3,980.2 billion yuan, an increase of 46.3 billion yuan, up 1.2%. Total liabilities were 6,557.9 billion yuan, an increase of 189.1 billion yuan, up 3.0%. Total deposits were 4,102.5 billion yuan, an increase of 66.8 billion yuan, up 1.7%.
In 2025, the bank achieved operating income of 126.31 billion yuan, a decrease of 9.10 billion yuan year-on-year, or 6.7%, with the rate of decline narrowing by 1.2 percentage points compared to the previous quarter. Net profit was 39.14 billion yuan. The net interest margin was 1.40%, remaining stable for four consecutive quarters. Liability costs and deposit costs improved by 39 basis points and 37 basis points year-on-year, respectively, supporting the stability of the net interest margin.
Fee-based income reached 20.25 billion yuan, an increase of 1.18 billion yuan year-on-year, up 6.2%, reversing the continuous decline since 2022. Operating expenses were 36.79 billion yuan, down 8.8% year-on-year. The cost-to-income ratio was 29.13%, an improvement of 0.68 percentage points year-on-year, indicating significant effectiveness in expense control.
Asset quality remained generally controllable, and capital adequacy ratios continued to meet standards. CEB BANK adhered to compliance bottom lines, continuously strengthened comprehensive risk management, enhanced financial risk prevention in key areas, effectively prevented and resolved credit risks, and solidified the foundation for high-quality development. By the end of 2025, the non-performing loan ratio was 1.27%, and the provision coverage ratio was 174.14%.
The bank continuously improved capital use efficiency, ensuring capital adequacy levels remained within a satisfactory range. The capital adequacy ratio was 13.71%, the Tier 1 capital adequacy ratio was 11.75%, and the core Tier 1 capital adequacy ratio was 9.69%, with all levels meeting regulatory requirements.
In 2026, CEB BANK will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and its plenary sessions, fully implement the Party Central Committee's部署 for economic and financial work, adhere to the general principle of seeking progress while maintaining stability, strengthen full and rigorous Party self-governance, uphold development as the top priority, maintain its functional positioning, strengthen the cultivation of distinctive features, seek complementary development, fortify risk defenses, and unite efforts to promote high-quality development, aiming for a successful start to the 15th Five-Year Plan period.
Comments