[CCB 939 Performance] CCB: This year's net interest margin decline is expected to narrow further

China Construction Bank （00939） Announced its 2025 full-year results. The net interest margin fell year over year by 17 basis points to 1.34%. Looking ahead to this year’s net interest margin, Zhang Yisheng, the bank’s chief financial officer, said that by strengthening liability management, the bank will further improve operating performance, and it expects the pace of the further decline in the net interest margin will continue to narrow.

President: Loan growth increment will be kept stable compared with last year

In 2025, China Construction Bank’s loan growth exceeded 7%. President Zhang Yi said that 2026 is the opening year of the “15th Five-Year Plan” period. The bank will align with the national strategic development goals of import, adhere to a credit-development direction of stable total volume and optimized structure, continue to maintain a reasonable growth in credit size. This year, the loan growth increment will, compared with last year’s actual increment, remain generally stable.

Vice President: Credit risk control in retail is the focus of work

In 2025, China Construction Bank’s non-performing loan ratio was 1.31%, down 0.03 percentage points year over year. Vice President and Chief Risk Officer Li Jianjiang said that over the past year, the rate of increase in personal non-performing loans narrowed. Judging from the current situation, credit risk control in the retail segment remains a key focus, and China Construction Bank is confident it can keep credit quality stable in the retail segment.

China Construction Bank’s 2025 operating revenue was RMB 740.87 billion (the same applies below), up 1.7% year over year. Net profit was RMB 338.9 billion, up 1% year over year.

Net interest income fell 2.9% year over year to RMB 572.77 billion. The net interest yield was 1.34%, down 17 basis points versus 2024. Non-net interest income was RMB 168.1 billion, up 21.2%. Of this, net fee and commission income reached RMB 123.7 billion.

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