Bank of Nanjing surpasses 3 trillion: Assets surge by 16%, net interest income increases by 30%

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With its asset scale surging to the 3 trillion level, Bank of Nanjing has presented a rather "aggressive" report card for 2025.

On January 22, Bank of Nanjing released its 2025 annual performance report. Data shows that the bank achieved an annual operating income of 55.54 billion yuan, up 10.48% year-on-year, and net profit attributable to the parent company of 21.81 billion yuan, up 8.08% year-on-year.

However, beneath the simultaneous increases in revenue and net profit, earnings per share showed a reverse decline, falling 3.83% year-on-year to 1.76 yuan.

This divergence stems from the rapid expansion of equity—the number of common shares increased from 11.068 billion to 12.364 billion during the period, an increase of 11.71%. The private placement may have replenished ammunition, but it has also truly diluted returns for shareholders.

The most eye-catching data lies in the rapid expansion of the balance sheet.

By the end of 2025, Bank of Nanjing's total assets broke through the 3 trillion mark, reaching 3,022.42 billion yuan, a surge of 16.63%;

This growth rate appears particularly aggressive among listed banks;

Among them, total deposits and loans increased by 11.67% and 13.37% respectively, with both corporate deposits and loans firmly surpassing the trillion-yuan scale.

This scale-driven feature is verified in the income structure. In an industry environment where net interest margins are generally under pressure, Bank of Nanjing's net interest income jumped 31.08% year-on-year to 34.9 billion yuan.

This rare high growth benefited both from the double-digit expansion in interest-earning assets, and from a structural tilt in loan issuance;

Data shows that balances of technology finance, green finance, and inclusive small/micro loans grew by 19.49%, 30.08%, and 17.46%, respectively, all significantly outpacing the overall loan growth rate.

Notably, while net interest income surged, the bank’s capital consumption also accelerated.

Despite completing a private placement, its core Tier 1 capital adequacy ratio fell, dropping 0.05 percentage points from the start of the year to 9.31%. This means the 16.63% asset expansion rate is already approaching the limit of internal capital accumulation.

How to strike a balance between scale demands and capital constraints will be the core challenge for the management team ahead.

In terms of asset quality, Bank of Nanjing maintained its consistent stability, with a low non-performing loan ratio at 0.83%.

However, its provision coverage ratio showed a clear marginal change. The end-of-period provision coverage ratio was 313.31%, still within a safe range, but markedly down 21.96 percentage points from the start of the year;

Against the backdrop of a 30% surge in net interest income, this decline in the provision coverage ratio may hint at a certain trade-off between profit release and risk cushion.

Retail business, as the bank's "second curve" in its transformation, crossed an important threshold in 2025.

Retail customers' AUM (assets under management) broke through a trillion yuan for the first time, reaching 1,002.5 billion yuan, up 21.23% year-on-year. Private banking AUM grew nearly 23%, while mobile banking users jumped nearly 30% after the launch of version 8.0.

Additionally, as the "hard man" of the bond market among city commercial banks, Bank of Nanjing’s underwritten scale of non-financial corporate debt financing instruments exceeded 270 billion yuan, ranking first in Jiangsu Province for eight consecutive years;

Its moat effect in this light-capital business remains solid during the interest rate down-cycle.

Overall, this is a classic report card of “scale for growth”.

Bank of Nanjing leveraged regional advantages and policy windows, achieving high revenue growth through rapid balance sheet expansion, but also facing the real challenge of declining capital efficiency and diluted earnings per share.

At the new 3 trillion starting point, the market may be looking more for a substantive leap from "expanding scale" to "enhancing efficiency".

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