ICBC Releases 2025 "Report Card," Total Assets Exceed RMB 53 Trillion, Generous Dividends Exceeding RMB 110 Billion

The 2025 annual report of the 'Cosmic Bank,' Industrial and Commercial Bank of China (ICBC), has been released.

ICBC's disclosed 2025 annual report shows that the group achieved an operating income of RMB 838.27 billion for the full year, a year-on-year increase of 2.0%; net profit attributable to parent company shareholders was RMB 368.562 billion, a year-on-year increase of 0.7%. If averaged over each day of 2025, ICBC's daily net profit averaged RMB 1 billion.

Furthermore, ICBC's total assets at year-end surpassed 50 trillion RMB for the first time in history, reaching RMB 53.48 trillion, an increase of 9.5% from the end of the previous year.

Overall, ICBC's 2025 annual report continues to maintain its characteristics of solid growth and high asset quality.

Revenue Items: Transition Between Traditional and Emerging Drivers

From a revenue structure perspective, ICBC demonstrated a "synergistic transition between traditional and emerging drivers" in its business operations, achieving an overall operating income growth of 2.0%.

Specifically, ICBC's non-interest income performed impressively last year, reaching RMB 203.144 billion, a significant year-on-year increase of 10.2%, raising its proportion of operating income to 24.2%; net interest income reached RMB 635.126 billion, a slight decrease of 0.4%. Overall, the strong growth momentum of non-interest income contributed noticeably to the company's overall positive performance.

The financial report also shows that within ICBC's non-interest income, net fees and commissions income increased slightly by 1.6% to RMB 111.171 billion, mainly due to the strong performance in agency precious metals, funds, and securities businesses for corporate wealth management, personal wealth management, and private banking. Other non-interest income surged by 22.6% to RMB 91.973 billion, primarily driven by a significant increase in realized gains from bond and equity investments. This indicates that the latter also contributed notably to non-interest income.

Deposit Costs Significantly Decreased

Additionally, against the macroeconomic backdrop of LPR cuts and efforts to support the real economy, ICBC's net interest income in 2025 reached RMB 635.126 billion, largely flat compared to last year.

This suggests that amidst the industry-wide trend of narrowing interest margins, ICBC has effectively broadened its profitability moat by growing its financial market business and comprehensive services.

Specifically, ICBC's total loans reached RMB 30.5 trillion, an increase of 7.5%. Loans directed towards manufacturing, inclusive finance, and technological innovation sectors grew by 19.4%, 22.8%, and 19.9% respectively. Under the guidance of policies promoting consumption, personal consumer loans also achieved a growth rate of 18.5%.

On the liabilities side, customer deposits totaled RMB 37.31 trillion, an increase of 7.1%. The average deposit interest rate dropped to 1.36%, a significant decrease of 36 basis points. This effectively offset the downward pressure on loan yields, leading to a noticeable narrowing of the net interest margin decline. It also reflects the bank's strong implementation of its strategy to clearly avoid "price wars" and steadily promote sustainable deposit growth.

Asset Quality Remains Stable

In a complex external environment, ICBC's asset quality remains stable and improving. The balance of non-performing loans stands at RMB 399.013 billion, while the non-performing loan ratio decreased by 0.03 percentage points to 1.31%.

From an industry distribution perspective, the non-performing loan ratio for the real estate industry is 5.39%, with overall risk exposure effectively controlled; the non-performing loan ratio in the manufacturing sector significantly decreased from 1.87% to 1.55%.

Seeking New Growth Drivers to Navigate Cycles

In 2025, ICBC has made frequent moves in technological empowerment and strategic deployment. Technology investment reached RMB 28.588 billion.

Particularly in AI applications, ICBC launched the "Lead AI+" initiative, implementing over 500 AI applications across more than 30 business areas. The breadth and depth of its applications lead the industry, with AI digital employees handling a workload equivalent to 55,000 person-years.

These forward-looking, modernized strategic layouts are becoming new growth engines for ICBC to hedge against the fluctuations of traditional credit cycles.

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