First batch of A-share banks' 2025 annual reports unveiled, Ping An Bank achieves net profit of 43.633 billion yuan

Reporter Li Bing and Liu Xiaoyi

On the evening of March 20, Ping An Bank disclosed its 2025 annual performance report, becoming one of the first banks listed on the A-share market to release its annual report, officially unveiling its yearly operational results.

Data shows that in 2025, influenced by changes in market interest rates and adjustments in business structure, Ping An Bank achieved operating income of 131.442 billion yuan, a decrease of 10.4% year-on-year. Meanwhile, the bank continued to promote cost reduction and efficiency improvement, enhance productivity, strengthen risk management, and achieved a net profit of 42.633 billion yuan, down 4.2% year-on-year. As strategic reforms deepen, some operational indicators have shown positive trends, laying a solid foundation for sustainable and healthy future development.

Overall, by the end of 2025, Ping An Bank’s total assets reached 59.2577 trillion yuan, an increase of 2.7% from the previous year; total loans and advances issued amounted to 33.9084 trillion yuan, up 0.5%; corporate loan balances increased by 3.5% from the end of last year, continuing to support the real economy. Loans to technology companies and green finance sectors saw good growth.

In terms of comprehensive risk management, 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 previous year; the loan loss provision coverage ratio was 220.88%, maintaining strong risk buffer capacity.

Retail business, as of the end of 2025, had 127.8963 million retail customers, an increase of 1.9% from the previous year; retail customer assets under management (AUM) totaled 4.2384 trillion yuan, up 1.1%.

Regarding loan business, Ping An Bank responded to external operational environment changes by continuously optimizing its loan structure, strengthening the foundation for medium- and long-term healthy growth. By the end of 2025, personal loan balances were 1.7273 trillion yuan, down 2.3% from the end of last year, with mortgage loans accounting for 62.9% of personal loans. Credit card circulation reached 43.6931 million accounts, with total annual spending of 2.012435 trillion yuan; auto finance loans totaled 304.801 billion yuan, up 3.7%, and new personal auto loans issued in the year reached 72.626 billion yuan, a 13.9% increase.

Additionally, by the end of 2025, Ping An Pocket Bank app had 182.2326 million registered users, a 4.7% increase from the previous year, with monthly active users (MAU) at 39.9547 million. In 2025, the contribution of comprehensive financial services to new wealth clients accounted for 50.2%, new customer AUM for 49.1%, and new credit card accounts for 12.3%.

In corporate banking, Ping An Bank has cultivated and strengthened a number of strategic client groups through long-term, in-depth operations based on customer needs, solidifying the foundation for corporate business development and supporting the real economy. By the end of 2025, corporate deposits totaled 2.2953 trillion yuan, up 2.2%; corporate loans reached 1.6635 trillion yuan, up 3.5%. Following national policies and market trends, the bank focused on key industry segments, increased lending, optimized asset structure, and promoted balanced asset development.

In green finance, as of the end of 2025, green loans amounted to 266.433 billion yuan, an increase of 12.2% from the previous year.

Supporting the real economy, as of the end of 2025, total on- and off-balance sheet credit extended was 4.893277 trillion yuan. The number of inclusive small micro enterprise loan accounts reached 909,400, with a balance of 484.522 billion yuan; in 2025, new inclusive small micro enterprise loans issued totaled 286.126 billion yuan, a 29.5% increase, with the weighted average interest rate on new loans decreasing by 0.05 percentage points year-on-year, and non-performing loan ratio kept within a reasonable range. The bank also deepened its technology finance operations, empowering innovation in tech companies. By the end of 2025, the number of tech enterprise clients was 31,917, a 21.1% increase; tech loan balances reached 306.582 billion yuan, up 9.8%.

In 2025, Ping An Bank allocated 5.1118 billion yuan to support rural revitalization, with total investments reaching 20.3365 billion yuan; issued 39,800 rural revitalization debit cards, with a total of 296,200 cards issued. As of the end of 2025, rural-related loans totaled 116.053 billion yuan, an increase of 1.358 billion yuan from the previous year.

(Edited by Cai Shandan)