Ping An Bank 2025 Annual Report Released: Achieved Operating Revenue of 131.442 billion yuan, down 10.4% year-on-year

On March 20, financial frontline news reported that Ping An Bank released its 2025 annual report today. The data shows that in 2025, the group achieved operating revenue of 131.442 billion yuan, a year-on-year decrease of 10.4%. On one hand, affected by factors such as declining loan interest rates and business structure adjustments, the net interest margin was 1.78%, a decrease of 9 basis points compared to 2024; on the other hand, mainly impacted by market fluctuations, non-interest net income from bond investments and other businesses declined. By driving cost reduction and efficiency improvement through digital transformation, business and management expenses were 38.196 billion yuan, a year-on-year decrease of 5.9%; at the same time, strengthening asset quality control and increasing efforts in the recovery and disposal of non-performing assets, credit and other asset impairment losses were 40.567 billion yuan, a year-on-year decrease of 17.9%. The net profit was 42.633 billion yuan, a year-on-year decrease of 4.2%.

At the end of 2025, the group’s total assets were 5,925.777 billion yuan, an increase of 2.7% compared to the end of the previous year; the total principal amount of loans and advances issued was 3,390.840 billion yuan, an increase of 0.5% compared to the end of the previous year; the balance of corporate loans increased by 3.5% compared to the end of the previous year, of which the balance of general corporate loans increased by 9.2% compared to the end of the previous year; the balance of personal loans decreased by 2.3% compared to the end of the previous year, with mortgage loans accounting for 62.9% of personal loans.

At the end of 2025, the group’s total liabilities were 5,374.593 billion yuan, an increase of 1.9% compared to the end of the previous year; the balance of deposits absorbed was 3,582.755 billion yuan, an increase of 1.4% compared to the end of the previous year. In 2025, the average interest rate on interest-bearing liabilities was 1.67%, a decrease of 47 basis points compared to 2024; the average interest rate on absorbed deposits was 1.65%, a decrease of 42 basis points compared to 2024, with the average daily balance of demand deposits being 11,919.78 billion yuan, an increase of 5.8% compared to 2024.

In terms of asset quality, at the end of 2025, the non-performing loan ratio was 1.05%, a decrease of 0.01 percentage points compared to the end of the previous year; the delinquency rates for loans overdue by more than 60 days and loans overdue by more than 90 days were 0.67 and 0.56, respectively; the provision coverage ratio was 220.88%, indicating a good risk compensation ability.

At the end of 2025, the group’s core Tier 1 capital adequacy ratio, Tier 1 capital adequacy ratio, and total capital adequacy ratio were 9.36%, 11.49%, and 13.77%, respectively, an increase of 0.24, 0.80, and 0.66 percentage points compared to the end of the previous year.

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Editor: Cao Ruitong