Ping An Bank has announced a series of personnel changes involving several branch deputy presidents and headquarters department heads.
The appointment of Wu Leiming as a Deputy President of the bank has received official approval from the financial regulatory authority. He will also continue to serve as the Chief Risk Officer and Chief Compliance Officer.
Beyond senior management, this round of adjustments focuses on mid-level executives. Huang Wei, former Deputy General Manager of the Cross-border Finance Department at the headquarters, has been appointed as Deputy General Manager of the Investment Banking Department, where she will be responsible for daily operations. Her previous roles at the bank include Investment Banking Product Director and Assistant General Manager and Deputy General Manager of the Cross-border Finance Department.
Ou Jian, the former Deputy President of the Shenzhen branch, has left the company. He previously served as Assistant President of the Shenzhen branch before being appointed Deputy President in May 2022.
Lin Lirong, former Deputy President of the Fuzhou branch, has taken up the position of Deputy President of the Foshan branch. He was previously Assistant President of the Fuzhou branch and became its Deputy President in July 2018.
Niu Yong, former Deputy President of the Zhengzhou branch, has been appointed Deputy President of the Xi'an branch. He previously held the role of Assistant President at the Zhengzhou branch.
Chen Yajing, former Assistant President of the Chongqing branch, has been transferred to the role of General Manager of Credit Approval at the Guangzhou branch. She had been Assistant President of the Chongqing branch since August 2022.
Chen Shuyun, former Deputy President of the Xi'an branch, is now Deputy President of the Fuzhou branch. Her career at the bank includes serving as President of the Fuzhou Branch in the Fujian Free Trade Zone, as well as Operations Executive and Deputy President of the Fuzhou branch. She had been Deputy President of the Xi'an branch since December 2020.
In addition to these inter-regional transfers, several other branch executives have recently received promotions. On June 29, the appointment of Zhu Li as Assistant President of the Taiyuan branch was approved; he previously served as General Manager of the Transaction Banking Department at the Taiyuan branch.
On June 15, the appointment of Wang Bo as Deputy President of the Chongqing branch was approved; he was formerly the Assistant President of that branch.
On May 25, the appointment of Han Chunmiao as Deputy President of the Ningbo branch was approved. Her career path includes roles as Deputy President of the Hangzhou Wulin sub-branch, President of the Hangzhou Xihu sub-branch, and Assistant President of the Hangzhou branch. She was transferred to the Ningbo branch as Assistant President in 2024, overseeing retail business.
Organizational Context and Strategy
For talent development, Ping An Bank Co.,Ltd. has established three career pathways: management, professional, and business. These are supported by corresponding training strategies, promotion systems, and job rotation programs to provide clear career progression. The bank also emphasizes building a strong leadership pipeline, focusing on cultivating versatile managers and promoting rotations across different levels, functions, and business lines to build a high-caliber management team with both expertise and cross-functional experience.
The bank's corporate banking business focuses on "specializing in industries, customers, and products," with key efforts in industrial finance, technology finance, supply chain finance, cross-border finance, and inclusive finance.
Specifically, the bank addresses corporate cross-border financial service needs and actively supports the real economy. In the first quarter, the volume of cross-border trade financing reached 87.298 billion yuan, a year-on-year increase of 3.3%. It continues to strengthen its investment banking capabilities, offering clients integrated "commercial banking + investment banking + investment" solutions. As of the end of March, the outstanding balance of merger, acquisition, and syndicated loans was 235.531 billion yuan. The bank has also deepened the integrated operation of bond "sourcing, execution, and distribution," with the volume of non-financial bond underwriting business in the first quarter reaching 23.509 billion yuan.
At the group strategy level, Ping An Bank Co.,Ltd. adheres to the principle of "strengthening retail, refining corporate banking, and specializing in interbank business." It continuously upgrades its operational strategies for retail, corporate, and treasury businesses, reinforces risk management, deepens digital transformation, and maintains steady overall business operations.
Financial Performance Overview
In the first quarter, the bank achieved growth in both revenue and profit. Operating income reached 35.3 billion yuan, a year-on-year increase of 4.7%, while net profit was 14.5 billion yuan, up 3.0% year-on-year. The net interest margin was 1.79%, down 4 basis points from the same period last year but up 1 basis point from the full-year figure of the previous year.
The proportion of non-interest net income reached 37.41%, an increase of 5.01 percentage points year-on-year, with growth driven by businesses such as wealth management and bond investment. Wealth management fee income in the first quarter was 1.874 billion yuan, a significant increase of 55.1% year-on-year.
Asset quality remained generally stable as the bank strengthened comprehensive risk management. As of the end of March, the non-performing loan ratio was 1.05%, unchanged from the end of the previous year. The provision coverage ratio was 219.59%, and the loan provision ratio was 2.31%, indicating that risk absorption capacity remains sound.
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