China Merchants Bank sees stable performance despite operating income drop in Q3

China Merchants Bank Co., Ltd. (CMB) announced its Q3 2025 results, reporting a 0.52% increase in net profit attributable to shareholders, reaching CNY 113,772 million for the first nine months. The bank’s total assets grew by 4.05% to CNY 12,644,075 million as of September 30, 2025, with customer deposits rising by 4.64% to CNY 95,186.97 million.

The Pillar 3 Report highlights strong capital adequacy, with a core tier-one capital adequacy ratio of 13.93% and a capital adequacy ratio of 17.59%. The liquidity coverage ratio averaged 161.58% for Q3 2025, reflecting a stable liquidity position. The bank's non-performing loan ratio was 0.94%, a slight decrease of 0.01 percentage points from the end of last year.

Despite a 0.51% decrease in operating income, the bank maintained its strategic focus on quality, efficiency, and scale. The board also approved updates to internal control and credit risk stress testing management procedures.