China Merchants Bank reports mixed Q1 2025 results; new director proposed

China Merchants Bank (CMB) reported a mixed performance for the first quarter of 2025, with net profit attributable to shareholders decreasing by 2.08% year-on-year to RMB37.286 billion, and net operating income decreasing 3.11% to RMB83.731 billion. Net interest income saw a slight increase of 1.92% to RMB52.996 billion, while net non-interest income decreased significantly by 10.71% to RMB30.735 billion, attributed to declines in bond and fund investment values.