Bank of Qingdao raises RMB2 bn in capital bonds, posts Q3 profit jump

Bank of Qingdao Co., Ltd. completed the issuance of its RMB2 billion 2025 Undated Capital Bonds on October 28, 2025. These bonds carry a coupon rate of 2.45% for the first five years, with proceeds allocated to supplement the bank's other tier-one capital.

The bank's unaudited consolidated statement of financial position as of September 30, 2025, shows total assets reached RMB765,571,459 thousand, a 10.96% increase from the end of 2024. Total liabilities increased by 11.37% to RMB718,416,730 thousand. Net profit attributable to shareholders for the nine months ended September 30, 2025, was RMB3,991,866 thousand, a 15.54% year-on-year increase, with operating income at RMB11,004,740 thousand.

Bank of Qingdao maintained a non-performing loan ratio of 1.10% and a provision coverage ratio of 269.97% as of September 30, 2025. Its core tier-one capital adequacy ratio was 8.75%, while the capital adequacy ratio stood at 13.14%. Guoxin Industrial and Financial Holdings plans to increase its shareholding to 19.00%-19.99%, having already increased its H-shareholding by 24,178,500 shares.