On 22 april, nanjing bank published its annual report 2025 and its financial report for the first quarter of 2026. The data show that, throughout 2025, nanjing banks achieved an operating income of 55,542 million yuan, an increase of 10. 48 per cent over the same period, and a net profit of 21,807 million yuan to the mother, an increase of 8. 08 per cent over the same period. In the first quarter of 2026, the bank continued its steady growth pattern, with operating income of $16. 111 billion, an increase of 13. 54 per cent over the same period, net profit of $6. 6 billion for the mother, an increase of 8. 05 per cent over the same period, total assets exceeding $3. 2 trillion, and a good start to development throughout the year。
Over the past year, in the face of a complex business environment, the bank of nanjing has consolidated its services, deepened its transformation, strengthened its fine management and solid financial “five articles”, which have shown a steady positive and positive performance in terms of business development. According to the most recent quarterly report, the nanjing bank has performed well on a number of core indicators, demonstrating greater business resilience and dynamism, and laying a solid foundation for the achievement of the year-round business goals。
Keep the main line secure
Performance continues to be favourable
Since 2025, in the face of a complex business environment and the continued decline of market interest rates, nanjing bank has maintained its originality and focus, continued to practice the fundamental purpose of the real economy of financial services and increased credit lending in priority areas, resulting in a negative increase in business performance。
Throughout 2025, nanjing bank earned 55,542 million yuan, an increase of 10. 48 per cent over the same period, and a net profit of 21,807 million yuan from the mother's return, an increase of 8. 08 per cent over the same period. The weighted average net asset return and total asset return remained reasonable at 12. 05 per cent and 0. 78 per cent, respectively, while the share of cost income decreased from 28. 08 per cent at the end of the previous year to 26. 07 per cent, resulting in a steady increase in operating efficiency and a solid profit base。
The rapid growth of net interest earnings has been the main driving force behind the rapid growth of the nanjing bank base. Throughout 2025, nanjing bank realized a net interest income of $34,902 million, an increase of 31. 08 per cent over the same year. The net interest income increased to 62. 84 per cent of the revenue earned, and it was strong in the construction of an increased ballast stone。
In recent years, the nanjing bank has been able to use credit to stabilize the company's base of operation against the background of continued interest-rate pressure. According to the annual report, by the end of 2025, the bank of nanjing had exceeded rmb 1. 08 trillion in public loans, with an increase of over rmb 150 billion, or 16. 35 per cent, and a strong dynamic growth that contributed to regional economic development。
While maintaining faster asset placements, nanjing bank attaches great importance to debt quality management and achieves a sustained downswing in deposit costs through effective management of deposit costs. By the end of 2025, the average interest rate on nanjing bank debt service fell to 1. 99 per cent, a decline of 37 basis points from the end of the previous year, thus contributing to a 1. 81 per cent reduction in the bank's interest expenditure, and cost optimization further boosted the bank's rapid increase in net interest income。
While the fundamental increase in net interest income was more than expected, nanjing bank non-interest income and its share remained at a high industry level. Throughout 2025, the net non-interest income of nanjing banks amounted to $20,640 million, of which $5,861 million, representing an increase of 16. 56 per cent over the same period, contributed significantly to the growth of the revenue collection. In terms of percentages, the share of net non-interest revenue earned by nanjing banks was as high as 37. 16 per cent, with a 30 per cent average of far beyond city comptoirs. At the same time, nanjing bank has made progress in its light capital operations such as wealth, investment, management and trading, with diversified income structures that are more resilient and resilient to cycles, and that continue to inject stabilizing momentum into performance。
In terms of asset quality, the nanjing bank has successfully continued its previous good performance. By the end of 2025, nanjing bank had a non-performing loan rate of 0. 83 per cent, which was the same as at the end of the previous year and remained below 1 per cent for 16 consecutive years. It was in the “first tier” of the listed bank; the allowance coverage reached 313. 62 per cent, with sufficient risk offsetting capacity to establish a secure foundation for sustainable business development。
The business block works together
Structurally balanced multi-dimensional profits
In the face of the challenges of low interest rate operations and the wave of industry transformation, nanjing bank, which is anchored in value creation, has continuously brought together the three core business blocks of corporate finance, retail finance and financial markets, building a more balanced and sustainable business model through a series of initiatives, such as investing in good customer service, enriching product matrices, and increasing the capacity to work together, with a significant increase in overall resilience to volatility and diversification。
With regard to public loans, the nanjing bank has responded positively to policy calls for the transformation of credit operations and the scaling up of credit inputs in the areas of real economic focus such as science and technology finance, green finance, inclusive finance and industrial upgrading. By the end of 2025, nanjing bank loans to the public had exceeded rmb 1. 08 trillion, an increase of 16. 35 per cent over the same period。
Among them, the growth in green finance, science and technology finance and inclusive micro-credit was 30. 08 per cent, 19. 49 per cent and 17. 46 per cent respectively; manufacturing loans grew by 14. 18 per cent over the same period; lending in priority areas grew significantly faster than the average growth in total lending, the credit structure continued to be excellent and the enabling real economy was able to transform both new and old dynamics。
In 2025, the bank of nanjing's retail financial block anchored its value creation orientation and actively pursued its “customer-driven, wealth-driven, landscape-driven” value proposition, which continued to enhance the ability to create value for retail business. Throughout 2025, nanjing bank earned rmb 16,714 million, an increase of 33. 09 per cent over the same year, and the contribution of the plate rose from 24. 98 per cent to 30. 09 per cent, making it an important growth pole that underpins growth across the business。
By the end of 2025, the bank of nanjing managed retail customer financial assets (aum) on a scale of rmb 1 trillion, an increase of 21. 23 per cent over the end of the previous year. Retail value clients grew by 27. 02 per cent compared to the end of the previous year, private clients performed well, private clients aum grew by 22. 94 per cent over the same period, wealth management operations developed rapidly, and promoting retail boards as a core new engine of growth for business-wide profits。
Since 2025, with changes in policies and economic expectations, macroeconomic policies have significantly increased counter-cyclical and cross-cyclical adjustments and domestic bond markets have been under pressure. In this context, the bank of nanjing's financial market block has been closely focused on the value proposition of a new five-year strategic plan, “multiple inventive, co-facilitative, brand-led”, and has been actively engaged in its own business, with a positive impact。
At the same time, nanjing bank fully exploits its well-licensed comparative advantage in the financial markets, continuing to diversify its operations with light assets in areas such as gold accumulation, counter debt, management and trusteeship. By the end of 2025, the bank of nanjing's assets were in the order of $3. 9 trillion, an increase of over 14 per cent over the beginning of the year, and the new public fund trust was the largest in the city. The advantages of corporateization continue to highlight the double-digit growth in the revenues and benefits of all three subsidiaries, namely, the south bank bank, the sakamoto fund, and the south bank bank of faba consumer finance, whose profit contribution to the parent business has risen by 27. 78 per cent over the same period, which has been an important support for the group's diverse initiatives。
Big shareholders are showing confidence
High score highlights the value of investment
With steady growth in business performance, nanjing bank has been favoured by investors in secondary markets. The data show that between 2024 and 2026 (as of 24 april), the bank of nanjing's stock price increased by 69. 28 per cent, 12. 72 per cent and 3. 24 per cent, respectively, and that the increase was the highest among listed banks。
In addition to numerous institutional and small- and medium-sized investors, the long-term value of nanjing bank was recognized by its main shareholders. On 21 november 2025, the bank of nanjing issued a communiquÉ stating that, between 29 september and 20 november 2025, its first major shareholder, the bank of paris (qfii), had held an additional 128 million shares, or 1. 04 per cent of the bank's total equity, by means of a centralized bid. With the increase, the combined shareholding ratio of bnp paribas and bnp paribas (qfii) increased from 17. 02 per cent to 18. 06 per cent, touching 1 per cent integer。
Throughout 2025, seven of the top 10 shareholders in nanjing bank actively increased their corporate shares, including the bank of paris (including qfii), jiangsu interchange, purple group, nanjing goko, eastern airport investment group, etc., with a combined increase of over 1,632 million shares and an increase of over $7 billion, and a sustained increase in their firm confidence in the future development of nanjing bank. In the first quarter of 2026, there was a continued increase in the number of major shareholders, with the share held in the purple group and the holding subsidiary, the share held in the purple gold trust, rising to 14. 13 per cent, the share held in jiangsu's traffic control to 14. 90 per cent, and the continued increase in the number of domestic and foreign shareholders, amply demonstrating the high recognition in the capital market of the long-term operating value of nanjing banks。
In fact, in addition to the comprehensive orientation of the financial data, the bank's generous policy of distribution is an important reason for its large shareholder increase. Under the annual profit distribution programme for 2025, the bank of nanjing intends to send 2,756 million yuan at the end of the year for the discovery of gold dividends, plus 3,786 million yuan for the medium term, which has been implemented, and 6,542 million yuan for the entire year. At current stock prices, nanjing banks have an interest rate of 4. 5 per cent and are more attractive for allocation in low-interest-rate environments, allowing investors to truly enjoy the dividends of value investment
The paper notes that nanjing bank management is dynamic, performance continues to exceed expectations, core business indicators are robust and profitable and countercyclical. Looking ahead, a balanced and sound operating model of nanjing bank, a continuously optimized business structure, and adequate risk offset capacity will underpin continued robust growth in performance, accompanied by continued good fundamentals that are expected to drive a steady recovery of the bank's valuation and a high long-term investment value。
The year 2026 is the year when nanjing bank's “fifty-fifty-five” plans began, and the year when it started again. At a new point in development, nanjing bank will remain committed to financial start-up, deepen strategic implementation, accelerate reform efforts and build a solid foundation for development with balanced and robust operations in order to continue to demonstrate long-term value for good performance and to show continued and greater performance in the new march towards high-quality development。
