Galaxy Securities: Most Banks' Full-Year 2025 Performance Expected to Improve from First Three Quarters

NightAirdropper · 2026-03-25T12:43:17+00:00

Galaxy Securities research report shows that the 14 banks that have disclosed annual reports are experiencing broad performance improvements in 2025, with stable credit growth, primarily benefiting from narrowing net interest margin compression and declining non-performing loan ratios. Some banks are raising their loan loss provision coverage ratios, with potential strengthening of provision allocation for key sectors in the fourth quarter.

NightAirdropper

2026-03-25 12:43:17

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Rui Finance Yan Minghui Galaxy Securities Research Report states that recently, CITIC Bank released its 2025 annual report, and Shanghai Bank released its 2025 earnings quick report.

Among the 14 banks that have disclosed their performance so far, most have seen improvements in their full-year 2025 results compared to the first three quarters. Some joint-stock banks have achieved positive revenue growth, and some regional banks continue to maintain excellent industry-level revenue and profit growth.

Overall, the 14 banks have steady credit growth. The expected improvement in performance is mainly due to the narrowing and stabilization of interest rate spreads. At the same time, non-performing loan ratios remain stable or decline, and reserve coverage ratios remain at a high level. It is expected that reserve releases will still contribute to net profit. Some banks have seen an increase in reserve coverage ratios in Q4 2025, and there is a possibility of strengthening reserve provisions for key areas.

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