Bohai Bank has achieved a significant milestone, entering the league of banks with total assets exceeding 2 trillion yuan. As of the end of the first quarter of 2026, its total assets reached 2.04 trillion yuan, marking a 5.7% increase from the beginning of the year. As a national joint-stock bank, Bohai Bank has become the 11th such institution to surpass the 2 trillion yuan threshold, outpacing Hengfeng Bank in this regard.
Wang Jinhong has been at the helm of Bohai Bank since July 2023, serving as chairman for nearly three years. During this period, the bank's asset growth has maintained a steady pace. From 2023 to 2025, its total asset growth rates were 4.42%, 6.41%, and 4.91% respectively, showing slight fluctuations.
Beyond asset expansion, Wang Jinhong has focused more on driving revenue and net profit growth. In the first quarter of 2026, Bohai Bank reported operating revenue of 81.3 billion yuan, a year-on-year increase of 3%, and a net profit of 34.13 billion yuan, up 9.79% year-on-year. Notably, net interest income contributed 43.48 billion yuan, rising 4.69% year-on-year. The bank's growth remains heavily reliant on traditional deposit and loan operations.
Having crossed the 2 trillion yuan mark, Bohai Bank is actively seeking to expand its business, particularly in the retail sector. The bank recently updated its website with a list of online lending facilitation partners, including platform operators and credit enhancement service providers. These online lending facilitators essentially act as the bank's "internet business outsourcing service providers," assisting with customer acquisition, operations, and technology.
Currently, Bohai Bank has 11 active lending facilitation partners. These include Shanghai Qiyu Information Technology, Shenzhen Zhonglian Business, Fuzhou Qifu Financing Guarantee, Shenzhen Zhiling Haohai Technology, and ZhongAn Insurance, among others. A look through the ownership structures reveals backing from companies such as Qifu Technology, ByteDance, and Jilin Provincial Financial Holding Group.
For instance, Shenzhen Zhiling Xingchen Technology, Shenzhen Zhihui Huike Financing Guarantee, and Shenzhen Zhiling Haohai Technology are all platforms under ByteDance. Shanghai Qiyu Information Technology is the core operating entity of Qifu Technology, serving as the central platform for 360 Finance, while Fuzhou Qifu Financing Guarantee is the financing guarantee arm under 360, with Zhou Hongyi as the ultimate controller. ZhongAn Insurance, as the first domestic internet insurance company, was jointly established by Ant Group, Ping An Insurance, and Tencent.
Bohai Bank's collaborations with these major platforms aim to address customer acquisition and operational challenges in consumer loans and business loans. According to its annual report disclosures, the bank is vigorously advancing its digital ecosystem bank strategy and continuously optimizing financial service partnerships with internet platform enterprises. By the end of 2025, it served a total of 22.5363 million individual customers.
However, the bank's 2025 annual report indicates challenges in its retail business. On one hand, the scale of Bohai Bank's personal loans has contracted. By the end of 2025, its total loans and advances amounted to 961.732 billion yuan, an increase of 25.242 billion yuan from the end of the previous year. Within this, corporate loans and advances totaled 712.412 billion yuan, up 8.81% year-on-year, while personal loans fell to 204.008 billion yuan, an 8.12% decrease from the end of the prior year. Consequently, the proportion of personal loans dropped to 21.21%, a reduction of 2.5 percentage points from the previous year.
On the other hand, the non-performing loan (NPL) ratio for Bohai Bank's personal loans remains elevated. By the end of 2025, the bank's overall NPL ratio was 1.66%, down 0.1 percentage points year-on-year. However, the NPL ratio for personal loans stood at 3.8%, significantly higher than the 1.15% ratio for corporate loans.
Comments