CITIC Bank held its 2025 performance briefing on March 23. Deputy Governor and Chief Risk Officer Jin Xinian stated that the bank’s asset quality remained stable overall in 2025, elaborating on three key aspects:

First, core indicators remained solid. The non-performing loan ratio stood at 1.15%, down 0.01 percentage points from the previous year, marking the seventh consecutive annual decline. Over the past seven years, the ratio has decreased by a cumulative 0.62 percentage points. The provision coverage ratio reached 203.61%, maintaining a level above 200% for the fourth consecutive year. Over the five-year period of the 14th Five-Year Plan, the bank’s provision coverage ratio increased by a total of 32 percentage points, exceeding the industry average improvement by 22 percentage points.

Second, forward-looking indicators showed improvement. The ratio of non-performing loans plus special-mention loans was 2.77%, up 0.03 percentage points from the previous year, remaining ahead of industry peers. The overdue loan ratio was 1.43%, down 0.37 percentage points year-on-year.

Third, credit costs continued to narrow. The credit cost ratio was 0.89%, down 0.05 percentage points from the previous year and declining by 0.75 percentage points over five years. The risk cost ratio stood at 27.4%, down 1.22 percentage points year-on-year and falling by 15 percentage points over the past five years. These figures reflect the bank’s strategic focus and sustained efforts in enhancing risk management systems and capabilities in recent years.

Looking ahead to 2026, Jin Xinian expressed confidence in maintaining continued stability in asset quality. He added, “We are also confident that, as economic transformation deepens and the bank’s comprehensive risk management capabilities further strengthen, asset quality will continue to improve in the future.”