The business adjustments initiated in the second half of 2023 are now over 70% complete, marking a transition into a deeper implementation phase focused on advancing and refining existing foundations. This statement was made by Ping An Bank President Ji Guangheng during the bank's 2025 performance conference on March 23. He noted that the next steps involve resolving remaining issues and developing new growth drivers tailored to industry trends and the bank's specific characteristics. Ji emphasized that the bank aims to return to growth this year. While 2025 saw declines in both operating revenue and net profit, efficiency metrics showed signs of improvement. Key indicators such as the cost of interest-bearing liabilities, the narrowing decline in net interest margin, and the non-performing loan ratio are comparatively favorable among joint-stock banks. Additionally, high-risk assets in the retail business have been cleared. According to the annual report, Ping An Bank's operating revenue decreased by 10.4% year-on-year in 2025, while net profit fell by 4.2%. The decline in operating revenue narrowed by 0.5 percentage points compared to the previous year, and the net profit decline remained flat. Key operational metrics showed the average cost of interest-bearing liabilities at 1.67%, down 47 basis points year-on-year, and the average deposit cost at 1.65%, down 42 basis points. The net interest margin declined by 9 basis points, a significant improvement from the 42 basis point drop in 2024. Ji expressed confidence that the most challenging period has passed and reforms are yielding results, stating the bank will strive to stabilize and improve performance with a positive outlook for achieving growth this year.
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