Ping An Bank Annual Report: Achieved a net profit of 42.633 billion yuan in 2025, a decrease of 4.2% year-on-year

(Source: Beijing Business Daily)

Beijing Business Daily News (Reporters Meng Fanxia and Zhou Yili) On March 20, Ping An Bank released its annual report for 2025. In 2025, the bank achieved operating income of 131.442 billion yuan, a year-on-year decrease of 10.4%; net profit was 42.633 billion yuan, a year-on-year decrease of 4.2%.

Regarding the performance in revenue and net profit, Ping An Bank stated that, on the one hand, it was affected by factors such as falling loan rates and business structure adjustments, with a net interest margin of 1.78%, down 9 basis points from 2024; on the other hand, mainly due to market fluctuations, non-interest net income from bond investments and other businesses declined. Through digital transformation to drive cost reduction and efficiency improvement, business and management expenses were 38.196 billion yuan, down 5.9% year-on-year; at the same time, asset quality control was strengthened, and efforts to recover and dispose of non-performing assets were increased, with credit and other asset impairment losses at 40.567 billion yuan, down 17.9% year-on-year.

In terms of business scale, by the end of 2025, the bank’s total assets were 5,925.777 billion yuan, an increase of 2.7% from the end of the previous year; the total principal of loans and advances was 3,390.840 billion yuan, an increase of 0.5% from the end of the previous year; the balance of corporate loans increased by 3.5% from the end of the previous year, with the balance of general corporate loans increasing by 9.2% from the end of the previous year. The bank continued to increase support for the real economy, with good growth in loans to technology companies and green finance; the balance of personal loans decreased by 2.3% from the end of the previous year, with mortgage loans accounting for 62.9% of personal loans.

By the end of 2025, Ping An Bank’s total liabilities were 5,374.593 billion yuan, an increase of 1.9% from the end of the previous year; the balance of deposits received was 3,582.755 billion yuan, an increase of 1.4% from the end of the previous year. The bank strengthened the absorption of low-cost deposits and agilely adjusted the pace of absorbing deposits and interbank liabilities to reduce overall liability costs; in 2025, the average interest rate on interest-bearing liabilities was 1.67%, down 47 basis points from 2024; the average interest rate on deposits received was 1.65%, down 42 basis points from 2024, with an average daily balance of demand deposits of 11,919.78 billion yuan, an increase of 5.8% from 2024.

In terms of asset quality, by the end of 2025, Ping An Bank’s non-performing loan ratio was 1.05%, a decrease of 0.01 percentage points from the end of the previous year; the deviation of loans overdue by more than 60 days and the deviation of loans overdue by more than 90 days were 0.67 and 0.56, respectively; the provision coverage ratio was 220.88%, indicating good risk compensation ability.

In terms of capital adequacy ratio, by the end of 2025, Ping An Bank’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 from the end of the previous year.

Ping An Bank stated that the profit distribution plan for ordinary shares approved by the board of directors is as follows: it is proposed to base the distribution on the total share capital of approximately 19.406 billion shares as of December 31, 2025, with a cash dividend of 5.96 yuan (tax included) for every 10 shares for the entire year of 2025, of which a cash dividend of 2.36 yuan (tax included) for every 10 shares has been distributed for the mid-year of 2025; for the end of the year of 2025, it is proposed to distribute a cash dividend of 3.60 yuan (tax included) for every 10 shares, with no bonus shares issued and no capital reserve converted into share capital.

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