Bank of Qingdao sees H1 2025 net profit up 16.25% to RMB3.15bn

Bank of Qingdao reported a net profit of RMB3.15 billion for the first half of 2025, an increase of 16.25% year-on-year. Net profit attributable to equity holders of the parent company rose by 16.05% to RMB3.06 billion. This growth was supported by an 8.97% increase in operating income to RMB7.66 billion and a 12.19% rise in net interest income to RMB5.36 billion. Basic and diluted earnings per share were RMB0.53, up 17.78% from the previous year.

The bank's total assets reached RMB743.03 billion, marking a 7.69% increase from the end of last year. Customer loans and advances grew by 8.02% to RMB359.22 billion, while customer deposits increased by 7.42% to RMB476.32 billion. Asset quality improved, with the non-performing loan ratio decreasing by 0.02 percentage points to 1.12%. The provision coverage ratio increased by 11.48 percentage points to 252.80%, indicating enhanced risk management.

The bank maintained strong capital adequacy, with a capital adequacy ratio of 13.52%, a Tier 1 capital adequacy ratio of 10.52%, and a core Tier 1 capital adequacy ratio of 9.05%, all exceeding regulatory requirements.