Ping An Bank: Roadshow on March 24, with investor participation

According to Securities Star, on March 27, 2026, Ping An Bank (000001) announced that the company held a roadshow on March 24, 2026.

The specific content is as follows:

Q: Please introduce the company’s development strategy and operating performance, and address investors’ questions.

A: Introduce the company’s development strategy and operating performance, investors ask questions.

Q: What is the yield level of loans in 2025?

A: In 2025, the average yield from loans and advances issued by our bank was 3.87%, a decrease of 67 basis points compared to 2024. Among these, the average yield on corporate loans was 3.05%, down 51 basis points year-on-year, and the average yield on personal loans was 4.79%, down 77 basis points year-on-year.

Firstly, our bank insists on implementing the policy orientation of benefiting the real economy, increasing credit support for key industries, key regions, and key clients, enhancing the proportion of high-quality customer groups, and driving continuous optimization of customer structure and asset structure. Secondly, the Loan Prime Rate (LPR) has been lowered, and at the same time, effective credit demand is insufficient, resulting in a continuous decline in the interest rates of newly issued loans, compounded by adjustments and repricing of existing mortgage rates, leading to a year-on-year decline in loan portfolio yields.

Q: What measures has your bank taken to cope with the downward pressure on net interest margin, and what are the specific results?

A: In 2025, our bank’s net interest margin was 1.78%, down 9 basis points compared to 2024, mainly affected by the decline in loan rates and adjustments in the business structure.

On the liability side, our bank insists on balanced development of quantity and price, focusing on structural adjustments and cost reductions, significantly optimizing the interest payment rate. Firstly, we actively implement market pricing self-discipline requirements and strengthen control over high-cost deposits, complying with the interest rate reduction cycle and reducing interest payment costs; secondly, we enhance customer service capabilities, expand the breadth and depth of business cooperation, increase customer stickiness, and promote steady growth of low-cost deposits such as settlement deposits; thirdly, we adjust the pace of deposit and interbank liabilities absorption agilely based on market changes to optimize overall liability costs. In 2025, the average interest payment rate for absorbed deposits was 1.65%, a decrease of 42 basis points year-on-year; the average interest payment rate for interest-bearing liabilities was 1.67%, a decrease of 47 basis points year-on-year.

On the asset side, affected by the decline in market interest rates and adjustments in asset structure, the asset yield further declined, and the decline was greater than the optimization of interest-bearing liabilities. Firstly, our bank closely follows the national major strategic planning, actively supports the development of the real economy, increases credit support for key industries, key regions, and key clients, enhances the proportion of high-quality customer groups, and drives continuous optimization of customer structure and asset structure; secondly, due to the continuous decline in market interest rates, insufficient effective credit demand, and the effects of asset repricing, the yields on loans, bond investments, and interbank assets have decreased year-on-year.

Q: How is the asset quality of personal loans performing?

A: As for personal loans, at the end of 2025, our bank’s non-performing loan ratio for personal loans was 1.23%, a decrease of 0.16 percentage points from the end of the previous year. Our bank has upgraded its risk model to achieve more precise customer group classification; at the same time, we continuously optimize customer groups and asset structure, implement tiered management of customer classification, promote the allocation of high-quality assets, and increase efforts to dispose of non-performing loans, resulting in continuous improvement in the asset quality of personal loans. Going forward, our bank will closely monitor internal and external economic conditions and dynamically monitor asset quality to maintain risk bottom lines.

Q: Please introduce the overall operating performance of private banking and wealth management business in 2025.

A: By the end of 2025, our bank had 1.49 million wealth customers, an increase of 2.4% from the end of the previous year, including 2.11 million private banking customers, an increase of 9.1% from the end of the previous year; the balance of private banking customer UM was 1.9913 trillion yuan, an increase of 0.8% from the end of the previous year.

In 2025, wealth management fee income was 5.1 billion yuan, a year-on-year increase of 15.8%; among this, agency personal insurance income was 1.3 billion yuan, a year-on-year increase of 53.3%, agency personal wealth management income was 1.3 billion yuan, a year-on-year increase of 8.8%, and agency personal fund income was 2.3 billion yuan, a year-on-year increase of 8.9%.

In 2025, the sales volume of agency non-monetary public funds reached 104.8 billion yuan. Our bank adapted to changes in the capital market, focusing on layout of equity and mixed products, with an increase in both sales volume and proportion of equity products.

Q: How is the development status of the bancassurance business in 2025?

A: With the continuous deepening of reform, our bank’s bancassurance business has been continuously upgraded in team building, products, and services, further releasing value contribution and gradually becoming an important growth engine for our bank’s wealth management business; in 2025, our bank’s agency personal insurance premium scale increased by 35.3% year-on-year.

In terms of team building, our bank has responded to changes in market and customer demand, integrating the new wealth team with the original wealth team into a single team in the first half of 2025, continuously enhancing the comprehensive asset allocation capability, including protection configuration. In terms of product and service system, our bank deepened collaboration with Ping An Life Insurance, quickly customizing insurance products that meet bank customer needs, and leveraging Ping An Group’s resources in “comprehensive finance + medical care and elderly care” to provide customers with services such as “insurance + medical health,” “insurance + home-based elderly care,” “insurance + high-end elderly care,” and insurance fund trusts, enhancing product value. Our bank continues to strengthen technology empowerment, upgrade bancassurance operational processes, enhance the level of online bancassurance services, focus on customer rights protection, and effectively safeguard customer interests.

Q: What are your bank’s core operating plans and key work deployments for 2026?

A: In 2026, our bank will adhere to party building leadership, uphold the political and people-oriented nature of financial work, continuously deepen strategic transformation, enhance the capability of financial services for the real economy, strengthen financial risk prevention and control, deepen digital transformation, and actively practice high-quality financial development.

Firstly, we will continue to deepen party building leadership. We will fully implement the major decision-making and deployment of the Party Central Committee and the State Council, as well as the requirements of regulatory authorities, and comprehensively enforce strict party governance, leading the bank’s operating management to high-quality development with high-quality party building.

Secondly, we will continue to enhance the capability of financial services for the real economy. We will fully leverage our own resource endowment and operational management特色优势, actively serve the new quality productive forces, and contribute to building a modern industrial system.

Thirdly, we will continue to strengthen financial risk prevention and control. We will continue to view asset quality as the “first lifeline” for the bank’s sustainable development, comprehensively strengthen risk prevention and control and systematic monitoring in key areas, and prevent and resolve risks in key fields such as real estate.

Ping An Bank (000001) main businesses: (1) Accepting public deposits; (2) Issuing short-term, medium-term, and long-term loans; (3) Handling domestic and foreign settlements; (4) Handling bill acceptance and discounting; (5) Issuing financial bonds; (6) Acting as an agent for issuing, redeeming, and underwriting government bonds; (7) Buying and selling government bonds and financial bonds; (8) Engaging in interbank lending; (9) Buying and selling, acting as an agent for foreign exchange; (10) Engaging in bank card business; (11) Providing letter of credit services and guarantees; (12) Acting as an agent for payment and collection and insurance business; (13) Providing safe deposit box services; (14) Conducting foreign exchange settlement and sales; (15) Offshore banking business; (16) Asset custody business; (17) Handling gold business; (18) Financial advisory, credit investigation, consulting, and witnessing services; (19) Other businesses approved by relevant regulatory agencies.

Ping An Bank’s 2025 annual report shows that the company’s main operating income was 131.442 billion yuan, a year-on-year decrease of 10.4%; net profit attributable to the parent was 42.633 billion yuan, a year-on-year decrease of 4.21%; net profit after deducting non-recurring items was 42.624 billion yuan, a year-on-year decrease of 4.94%; among them, in the fourth quarter of 2025, the company’s single-quarter main operating income was 30.774 billion yuan, a year-on-year decrease of 12.36%; single-quarter net profit attributable to the parent was 4.294 billion yuan, a year-on-year decrease of 10.15%; single-quarter net profit after deducting non-recurring items was 4.355 billion yuan, a year-on-year decrease of 14.44%; debt ratio was 90.7%, and investment income was 20.474 billion yuan.

In the last 90 days, 17 institutions have given ratings for this stock, with 10 buy ratings, 6 overweight ratings, and 1 neutral rating; the average target price by institutions in the past 90 days is 14.18.

The following is detailed profit forecast information:

Margin trading data shows a net inflow of 500 million yuan in financing for this stock in the last 3 months, with an increase in the financing balance; the net inflow of margin trading was 7.7468 million, with an increase in the margin trading balance.

The above content is organized by Securities Star based on public information and generated by AI algorithms (Internet Information Record No. 310104345710301240019), and does not constitute investment advice.