兴业银行披露一季报 净息差降幅有所收窄

Core Viewpoint - The financial performance of Industrial Bank (兴业银行) in Q1 2025 shows a decline in revenue and net profit, reflecting broader challenges in the banking sector, particularly due to reduced income from bond-related financial assets [1][2]. Financial Performance - Total assets reached 10.63 trillion yuan, a 1.17% increase from the previous year [1] - Revenue for Q1 2025 was 55.683 billion yuan, down 3.58% year-on-year [1] - Net profit attributable to shareholders was 23.796 billion yuan, a decrease of 2.22% compared to the same period last year [1] - Non-interest income fell to 17.961 billion yuan, a decline of 12.42% year-on-year, with investment income down 22.4% [1] Interest Income and Margin - Net interest income remained stable at 37.722 billion yuan, with a year-on-year growth of 1.29% [1] - Net interest margin was 1.80%, down 2 basis points from 2024 and 7 basis points year-on-year [1][2] - Deposit interest rates decreased, with the deposit rate at 1.79%, down 33 basis points year-on-year [2] Asset Quality - Non-performing loans (NPL) amounted to 62.831 billion yuan, an increase of 1.354 billion yuan from the previous year, with an NPL ratio of 1.08% [3] - The coverage ratio for provisions was 233.42%, indicating a strong buffer against potential losses [3] - The bank has implemented a risk management mechanism to enhance the identification and assessment of key risks across its asset products [3] Loan Growth - Green loans and technology loans grew by 9.37% and 9.90% respectively, outpacing overall loan growth [3]