Minsheng Bank, having recently celebrated its 30th anniversary, now faces new challenges. The latest 2025 annual report reveals both progress and weaknesses in the bank's performance.
In terms of profitability, the bank showed improvement as its revenue returned to growth. In 2025, Minsheng Bank achieved operating income of 142.865 billion yuan, a year-on-year increase of 4.82%. This follows two consecutive years of revenue decline in 2023 and 2024. Net interest income reached 100.126 billion yuan, rising by 1.436 billion yuan or 1.46% compared to the previous year. The growth in net interest income was supported by expansion in scale and stabilization of the net interest margin.
However, the bank's net profit attributable to shareholders continued to decline. In 2025, Minsheng Bank reported a net profit of 30.563 billion yuan, a decrease of 1.733 billion yuan or 5.37% year-on-year. During the period, the bank made efforts to control expenses. Business and management expenses totaled 51.006 billion yuan, down 312 million yuan or 0.61% from the previous year. Employee compensation, including director salaries, amounted to 31.29 billion yuan, a slight decline of 0.08%.
Additionally, Minsheng Bank optimized its workforce. By the end of 2025, the number of employees stood at 61,658, a reduction of 1,832 compared to the end of 2024. Based on total employee compensation, the average monthly salary per employee was approximately 42,000 yuan in 2025.
Regarding scale indicators, the bank maintained growth in total assets. As of the end of 2025, total assets reached 7.83 trillion yuan, an increase of 0.23% from the previous year. Nevertheless, the bank's loan portfolio contracted. Total loans and advances amounted to 4.43061 trillion yuan, down 19.87 billion yuan or 0.45% from the end of the prior year. Loans accounted for 56.57% of total assets, a decrease of 0.38 percentage points.
Corporate loans, including bill discounts, increased by 71.805 billion yuan to 2.751726 trillion yuan. In contrast, personal loans declined by 91.675 billion yuan to 1.678884 trillion yuan, representing 37.89% of the total loan portfolio, down 1.89 percentage points year-on-year.
The personal loan segment faced growth pressure, and its non-performing loan ratio rose. The balance of non-performing personal loans reached 32.153 billion yuan, an increase of 331 million yuan from the end of the previous year. The NPL ratio for personal loans stood at 1.92%, up 0.12 percentage points. In comparison, corporate NPLs, including bill discounts, totaled 34.001 billion yuan, rising by 213 million yuan. The corporate NPL ratio was 1.24%, down 0.02 percentage points.
By the end of 2025, corporate non-performing loans were mainly concentrated in the real estate, wholesale and retail, and manufacturing sectors. The combined NPLs in these three industries amounted to 24.4 billion yuan, accounting for 71.76% of total corporate NPLs.
The bank's corporate banking business also showed signs of strain. In terms of deposits, corporate deposits decreased. Total deposits reached 4.277238 trillion yuan, an increase of 28.143 billion yuan or 0.66% from the previous year. However, corporate deposit balances fell by 59.061 billion yuan to 2.874165 trillion yuan, a decline of 2.01%. According to segment performance, the corporate banking division reported a total profit of 28.606 billion yuan in 2025, down 13.31% year-on-year, while the retail banking division reported a profit of 11.775 billion yuan, up 1.44%.
Amid multiple operational pressures, Minsheng Bank's Chairman Gao Yingxin remains vigilant. The 64-year-old chairman has been at the helm for nearly six years and also serves as Chairman of Minsheng Merchants International Holdings Limited. In 2025, Gao Yingxin received an annual salary of 3.292 million yuan, a reduction of 54,300 yuan from the previous year.
Not only Chairman Gao but also other senior executives saw their compensation decline. The total pre-tax compensation for all directors and senior management, including current and former members, amounted to 30.2134 million yuan in 2025. In contrast, total compensation for the board and senior management reached 40.4854 million yuan in 2024.
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