Ping An Bank Reports Average Personal Deposit Interest Rate of 1.87% for Jan-Sept, Down 37 Basis Points YoY

Deep News11-19

Ping An Bank Co., Ltd. disclosed investor relations updates, revealing that its average deposit interest rate for the first nine months of 2025 stood at 1.70%, marking a decline of 43 basis points year-over-year (YoY) and 37 basis points compared to the full-year 2024. The bank emphasized enhanced customer acquisition and management strategies, alongside efforts to attract low-cost deposits, leading to continuous optimization of deposit structure and costs.

In retail banking, the bank's deposit balance reached CNY 1,279.63 billion by end-September, down 0.6% from year-end 2024. However, the average daily balance of personal deposits for Jan-Sept rose 4.2% YoY to CNY 1,307.579 billion, with demand deposits surging 15.8% YoY. Deposits from payroll and bulk services grew 7.9% to CNY 383.558 billion. The average interest rate on personal deposits dropped 37 basis points YoY to 1.87%.

For corporate banking, the deposit balance increased 1.3% to CNY 2,275.325 billion by end-September, while the average corporate deposit interest rate fell 46 basis points YoY to 1.61%.

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