Weihai Bank reports strong profit growth, asset expansion in first half

Weihai Bank reported a net profit of RMB1,257.0 million for the first half of 2025, a 5.79% increase compared to the same period last year. Operating income also rose by 10.98% to RMB5,056.4 million, primarily due to growth in net interest income and net non-interest income. The bank's total assets grew by 9.60% to RMB483,843.0 million, with customer deposits increasing by 12.73% to RMB339,392.1 million and total loans by 9.01% to RMB229,282.5 million.

The bank's non-performing loan ratio improved slightly, decreasing by 0.02 percentage points to 1.39% by June 30, 2025, while the provision coverage ratio increased to 159.04%. Key strategies included expanding corporate and retail banking, optimizing business structure, and strengthening green finance. The bank also actively leveraged technology for improved customer service and risk control.

Looking ahead, Weihai Bank plans to deepen its digital transformation, enhance core competitiveness, and focus on strategic goals to achieve first-class city commercial bank status. The bank will continue to adhere to its customer-centric, market-oriented, and striver-based principles, expanding its customer base and improving profitability, while also implementing comprehensive risk management.