China Merchants Bank reports stable interim profit growth despite operating income dip

China Merchants Bank Co., Ltd. reported a net profit attributable to shareholders of 74.930 bn yuan for the six months ended June 30, 2025, a slight year-on-year increase of 0.25%. Net operating income, however, decreased by 1.73% to 169.923 bn yuan, with net interest income rising by 1.57% to 106.085 bn yuan, and net non-interest income declining by 6.77% to 63.838 bn yuan.

Total assets grew 4.16% to 12,657.151 bn yuan, and total loans and advances to customers increased by 3.31% to 7,116.616 bn yuan. The non-performing loan ratio improved slightly, decreasing by 0.02 percentage point to 0.93%, while the allowance coverage ratio stood at 410.93%. The board of directors approved an interim profit appropriation plan for 2025, distributing 35% of the net profit attributable to ordinary shareholders as cash dividends between January and February 2026.