Shanghai Bank Chairman Gu Jianzhong's first year in office has shown good performance, but Ningbo Bank has fully surpassed it?

Operator Finance Network Zhang Yundi / Written by

Recently, the Chairman of the Bank of Shanghai, Gu Jianzhong, has released his first annual performance results report since his return.

According to the data, during the reporting period, the bank achieved full-year operating revenue of 54.76B yuan, up 3.35% year over year; it achieved net profit attributable to shareholders of the parent company of 24.19B yuan, up 2.69% year over year.

In terms of asset quality, as of the end of 2025, the Bank of Shanghai’s non-performing loan ratio was 1.18%, unchanged from the end of the previous year; its provision coverage ratio was 244.94%, down from 269.81% at the end of the previous year. By the end of the reporting period, the Bank of Shanghai’s total assets reached 3,308.752 billion yuan, up 2.54% from the end of the previous year.

Overall, in 2025, the Bank of Shanghai saw double growth in profitability, with performance steady and trending in a favorable direction.

However, compared with Ningbo Bank, another city commercial bank in the Yangtze River Delta region, the Bank of Shanghai is somewhat less competitive.

The performance results report shows that last year, Ningbo Bank achieved operating revenue of 71.97B yuan, up 8.01% year over year; it achieved net profit attributable to shareholders of the parent company of 29.33B yuan, up 8.13% year over year. As of the end of 2025, Ningbo Bank’s total assets were 3,628.601 billion yuan, up 16.11% from the beginning of the year.

Overall, in 2025, Ningbo Bank completed a full turnaround to overtake the Bank of Shanghai. Especially in terms of asset size, after it first surpassed the Bank of Shanghai in the first quarter of 2025 and moved into the top three among city commercial banks, it continued to gain momentum in the first half and second half, ultimately securing a stable position in the third place among city commercial banks.

It is worth mentioning that when Gu Jianzhong left the Bank of Shanghai in 2015, Beijing Bank and the Bank of Shanghai also relied on the geographic advantages of first-tier cities to hold the top two spots among city commercial banks for a long time.

After that, Jiangsu Bank developed strongly, and Ningbo Bank also caught up, gradually forming a “top four” pattern: Jiangsu Bank, Beijing Bank, Ningbo Bank, and the Bank of Shanghai.

In the first year after Gu Jianzhong’s return, Ningbo Bank also achieved an all-around overtaking. This is not that the Bank of Shanghai is doing poorly, but that Ningbo Bank is doing too well.

Under Gu Jianzhong’s leadership, whether the Bank of Shanghai can return to the top three among city commercial banks in the future is something Operator Finance Network will continue to monitor.

(Editor-in-charge: Zhang Yundi)