Retail Banking Leader China Merchants Bank Releases 2025 Performance Report: Revenue Growth Turns Positive, Net Profit Maintains Steady Increase

China Merchants Bank, often referred to as the "King of Retail Banking," released a favorable preliminary 2025 performance report on January 23.

The data reveals that the bank not only successfully turned its year-on-year operating revenue growth rate positive but also maintained synchronized growth across multiple profit indicators, including net profit and net profit attributable to shareholders. This potentially signals that the major joint-stock bank is approaching a turning point for sustained earnings growth.

According to the report, for the full year of 2025, China Merchants Bank achieved operating revenue of 3,375.32 billion yuan, a 0.01% increase from the previous year, marking the first positive growth since the beginning of last year across four quarters. Total profit reached 1,789.93 billion yuan, up 0.19% year-on-year, while net profit attributable to shareholders was 1,501.81 billion yuan, rising 1.21% year-on-year, indicating an overall stable operational posture.

Breaking down the specifics, the report disclosed that net non-interest income was 1,219.39 billion yuan, a decrease of 3.38% year-on-year. This contrasts with and suggests a likely increase in the bank's net interest income, highlighting the continued resilience of its traditional deposit and loan business amidst the current interest rate environment.

In terms of asset scale, as of the end of 2025, China Merchants Bank's total assets reached 130.7 trillion yuan, an increase of 7.56% from the end of the previous year. Total customer deposits amounted to 98.4 trillion yuan, growing 8.13%, while total loans and advances stood at 72.6 trillion yuan, up 5.37%. Equity attributable to shareholders was 12.7 trillion yuan, rising 3.82%. Evidently, the bank's growth appears relatively steady from an asset quality perspective as well.

Regarding asset quality, China Merchants Bank continued to maintain an industry-leading position. Its non-performing loan ratio was 0.94%, down 0.01 percentage points from the end of the previous year, while the provision coverage ratio remained at a high level of 391.79%.