Shengjing Bank’s first half 2025 net profit declines 14.1%

Shengjing Bank announced a net profit of 508 million yuan for the first half of 2025, marking a 14.1% year-on-year decrease from 591.690 million yuan in the same period of 2024. Operating income also fell by 5.1% to 4,325.668 million yuan. This decline was largely attributed to a year-on-year decrease in interest income, which amounted to 15,603.519 million yuan, a 5.1% reduction from 16,442.995 million yuan in 2024. The bank cited successive downward adjustments of the Loan Prime Rate (LPR), lower existing housing loan interest rates, and reduced demand for credit as contributing factors.

Despite the drop in net profit, total assets saw a slight increase of 0.5% to 1,128.181 billion yuan as of June 30, 2025. Total loans and advances to customers rose by 2.9% to 514,872.706 million yuan, while total deposits from customers increased by 1.4% to 791,469.266 million yuan. The non-performing loan ratio remained relatively stable at 2.69%, a marginal increase of 0.01 percentage point from the end of the previous year, with a provision coverage ratio of 157.00%.

The bank maintained a capital adequacy ratio of 14.08%, a tier-one capital adequacy ratio of 11.72%, and a core tier-one capital adequacy ratio of 9.85%, all meeting regulatory requirements. No interim dividend will be distributed for the first six months of 2025.