China Merchants Bank Co., Ltd. Earnings Recaps
Q2 2025
Sep 1, 2025
China Merchants Bank (CMB) showcased steady profitability in its 2025 interim results, marked by a modest net profit growth of 0.25% despite challenging market conditions.
Key takeaways
- Net profit attributable to shareholders reached RMB 74.9 billion, with negligible year-on-year growth amid declining interest rates.
- Total assets grew by 4.16% to RMB 12.66 trillion, supported by a stable increase in loans and improved core deposits.
- CMB maintained a robust cost-to-income ratio of 30.11%, with net interest income rising 1.57% to RMB 106.08 billion, despite a slight dip in net interest margin to 1.88%.
- Asset quality remained strong with an NPL ratio at 0.93%, reflecting effective risk management amidst evolving credit demands.
- The retail banking segment continued to perform well, accounting for over 56% of net operating income, as CMB strategically enhanced its client base and service offerings.