Bank of Zhengzhou sees net profit rise 2.1% in first half 2025

Bank of Zhengzhou reported a net profit attributable to shareholders of RMB1,627,359 thousand for the first half of 2025, a 2.10% increase year-on-year. Total assets grew by 6.41% to RMB719,738,190 thousand compared to year-end 2024, driven by increases in loans and advances, financial investments, and funds lent to banks and other financial institutions. The bank's capital adequacy ratios remained robust, with a core tier one capital adequacy ratio of 8.60%, meeting regulatory requirements.

Governance updates include the approval of the 2025 semi-annual report and a proposal to amend the Articles of Association and rules for the general meeting and board of directors, pending shareholder approval at an extraordinary general meeting on September 18, 2025. These changes reflect the bank's commitment to continuous governance enhancement. Additionally, Shuang Hongyang was appointed as the new securities affairs representative.

The bank maintained a manageable credit risk profile with a non-performing loan ratio of 1.76%, a slight decrease from year-end 2024, and a provision coverage ratio of 179.20%. No cash dividends, bonus shares, or capital increases from reserves are planned for the first half of 2025.