Bank of Communications reports modest profit growth, strategic advancements in H1 2025

Bank of Communications (BOCOM) reported a net profit attributable to shareholders of RMB46.016 bn for the first half of 2025, a 1.61% increase year-on-year. Net operating income rose 0.72% to RMB133.498 bn, driven by a 1.20% increase in net interest income to RMB85.247 bn. Total assets expanded by 3.59% to RMB15,435.405 bn, with loans to customers growing 5.18% to RMB8,998.499 bn and deposits increasing 4.22% to RMB9,171.358 bn from the end of the previous year.

The non-performing loan ratio improved slightly to 1.28%, a decrease of 0.03 percentage points from year-end 2024, while the provision coverage ratio strengthened by 7.62 percentage points to 209.56%. The bank also distributed a cash dividend of RMB1.563 per 10 shares, totaling RMB13.811 bn, for the first half of 2025.

Strategic initiatives included significant credit support for 68,000 technology-based enterprises, with a loan balance exceeding RMB1.5 trillion, and green loans surpassing RMB870 bn. The bank also strengthened its Shanghai-based operations, cross-border RMB business, and digital financial services, with mobile banking active users reaching 49.1228 m, up 8.63% year-on-year.