China Minsheng Bank sees profit dip in first half despite operating income growth

China Minsheng Banking Corp. reported a net profit attributable to equity holders of RMB21,380m for the six months ended June 30, 2025, a 4.87% decrease compared to the same period in 2024. Operating income, however, increased by 7.79% to RMB70,701m, driven by a 26.41% rise in net non-interest income to RMB21,498m, while net interest income grew by 1.28% to RMB49,203m. Impairment losses on credit increased significantly by 26.70% to RMB26,039m.

Total assets grew to RMB7,768,921m, a 0.59% decrease from the previous year-end, with total loans and advances to customers increasing by 0.44% to RMB4,469,874m. Deposits from customers rose by 1.46% to RMB4,311,002m. The non-performing loan (NPL) ratio remained largely stable at 1.48%, a 0.01 percentage point increase from year-end 2024, with allowance to NPLs at 145.06%.

The group's capital adequacy ratio improved to 13.25%, up 0.36 percentage points, and the leverage ratio also increased to 7.58%. Basic and diluted earnings per share were RMB0.45, a slight increase from RMB0.43 in the prior period.