Ping An Bank Co.,Ltd. released its 2025 annual report on March 20. The report indicates that for the full year of 2025, the group achieved operating revenue of 131.442 billion yuan, representing a year-on-year decrease of 10.4%. This decline was attributed to factors including lower lending rates and business structure adjustments, which resulted in a net interest margin of 1.78%, down by 9 basis points compared to 2024. Furthermore, non-interest net income from operations such as bond investments decreased, primarily due to market fluctuations. Driven by digital transformation initiatives aimed at reducing costs and improving efficiency, business and management expenses totaled 38.196 billion yuan, a decrease of 5.9% year-on-year. Concurrently, the bank strengthened asset quality control and intensified efforts in the collection and disposal of non-performing assets. Credit and other asset impairment losses amounted to 40.567 billion yuan, down 17.9% compared to the previous year. Net profit for the year was 42.633 billion yuan, a decrease of 4.2%.
As of the end of 2025, the group's total assets reached 5,925.777 billion yuan, an increase of 2.7% from the end of the prior year. The total principal of loans and advances issued was 3,390.840 billion yuan, growing by 0.5% from the end of the previous year. Corporate loan balances increased by 3.5% compared to year-end 2024, with general corporate loan balances rising by 9.2%. Personal loan balances decreased by 2.3%, with mortgage loans accounting for 62.9% of the total personal loan portfolio.
The group's total liabilities stood at 5,374.593 billion yuan at the end of 2025, an increase of 1.9% from the end of the prior year. The principal balance of customer deposits was 3,582.755 billion yuan, up 1.4% from the end of the previous year. In 2025, the average interest rate on interest-bearing liabilities was 1.67%, a decrease of 47 basis points from 2024. The average interest rate on customer deposits was 1.65%, down 42 basis points year-on-year. The average daily balance of demand deposits was 1,191.978 billion yuan, an increase of 5.8% compared to 2024.
Regarding asset quality, the non-performing loan ratio was 1.05% at the end of 2025, a slight decrease of 0.01 percentage points from the end of the prior year. The divergence ratios for loans overdue for more than 60 days and more than 90 days were 0.67 and 0.56, respectively. The provision coverage ratio was 220.88%, indicating that risk absorption capacity remained robust.
As of December 31, 2025, the group's core tier 1 capital adequacy ratio, tier 1 capital adequacy ratio, and total capital adequacy ratio were 9.36%, 11.49%, and 13.77%, respectively. These ratios increased by 0.24, 0.80, and 0.66 percentage points compared to the end of the previous year.
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