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

People’s Financial News, March 24 — According to a research report from Galaxy Securities, recently, CITIC Bank and Ping An Bank released their 2025 annual reports, while Shanghai Bank published its 2025 performance brief. Among the 14 banks that have disclosed their performance so far, most have shown improvement 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, and the expected performance improvement is mainly due to the narrowing and stabilization of interest rate spreads. Additionally, non-performing loan ratios remain stable or declining, and reserve coverage ratios remain at a relatively high level. It is also expected that reserve releases will continue to contribute to net profits. Some banks have seen an increase in reserve coverage ratios in the fourth quarter of 2025, possibly indicating strengthened reserve provisions for key areas.