China Zheshang Bank sees mixed H1 2025 results amid strategic reforms

China Zheshang Bank reported an operating income of RMB33.265 bn for the first half of 2025, a 5.75% decrease period-on-period. Net profit attributable to shareholders also saw a decline of 4.15% to RMB7.667 bn. Despite this, total assets increased by 0.63% to RMB3.346 trillion from the end of the previous year, with total loans and advances to customers growing by 1.69% to RMB1.888 trillion.

The bank's total liabilities rose by 0.62% to RMB3.142 trillion, with customer deposits increasing significantly by 7.47% to RMB2.065 trillion. Asset quality remained stable, with the non-performing loan ratio decreasing by 0.02 percentage points to 1.36%, while the allowance to non-performing loans ratio stood at 169.78%. The capital adequacy ratio was 12.31%, with core tier-one capital adequacy at 8.39%.

The bank maintained its strategic focus on "deepening the development in Zhejiang," supporting local economic growth and serving over 15,000 new individually-owned businesses. It also continued to advance its digital transformation and risk management systems, achieving a 99.92% transaction replacement rate via electronic channels.