Bank of Qingdao sees strong profit growth in first half of 2025

Bank of Qingdao announced a significant financial performance for the first half of 2025, with net profit surging by 16.25% year-on-year to RMB3.152 bn. Net profit attributable to shareholders of the bank increased by 16.05% to RMB3.065 bn. Operating income for the period reached RMB7.658 bn, an increase of 8.97%. This growth was primarily attributed to the expansion of interest-earning assets and effective reduction in interest expenses, leading to a 12.19% rise in net interest income to RMB5.362 bn.

Total assets grew by 7.69% to RMB743.028 bn, with total loans to customers increasing by 8.14% to RMB368.406 bn, and total deposits from customers up 7.90% to RMB466.140 bn. The non-performing loan ratio improved to 1.12%, a decrease of 0.02 percentage points from the end of last year, while the provision coverage ratio increased by 11.48 percentage points to 252.80%. Capital adequacy ratio stood at 13.52%, meeting regulatory requirements.

The bank's interim report highlights a strong focus on serving the real economy, specialized operations, and digital transformation, with particular success in green and technology finance. Notably, BQD Financial Leasing successfully issued its first trench of financial bonds on the national interbank bond market, totaling RMB1.0 bn.