China Merchants Bank reports stable first half, strong shareholder returns

China Merchants Bank reported a stable first half of 2025, with operating income at 1,699.69 bn yuan and net profit attributable to shareholders increasing 0.25% to 749.30 bn yuan. Net interest income grew 1.57% to 1,060.85 bn yuan, while non-interest net income reached 638.84 bn yuan. The bank maintained strong asset quality with a non-performing loan ratio of 0.93% and a provision coverage ratio of 410.93% as of June 2025. Total assets rose 4.16% to 12.66 trillion yuan, and customer deposits increased 3.58% to 9.42 trillion yuan.

The bank's "four major segments"—retail, corporate, investment banking, and financial markets—showed coordinated growth, bolstering its international and integrated operations. Retail customer assets under management surpassed 16 trillion yuan, a 7.39% increase from year-end. Internationally, the bank's total overseas assets grew by 6.56%, with first-half operating income rising 23.72%.

In a move to reward shareholders, China Merchants Bank approved a 2025 interim dividend distribution, representing 35% of its first-half net profit attributable to ordinary shareholders, following a 35.32% dividend payout for 2024. The bank also reaffirmed its commitment to transparent investor relations, receiving an A-grade for information disclosure for the eleventh consecutive year from the Shanghai Stock Exchange.