How Zhengzhou Bank Achieved "Counter-Trend" Growth in the First Quarter

On the basis of achieving positive profit growth in 2024, Zhengzhou Bank continues its warming trend.

On April 29, Zhengzhou Bank disclosed that in the first quarter, it recorded revenue and net profit attributable to the parent company of 3.475 billion yuan and 1.016 billion yuan, respectively, with year-on-year growth rates of 2.22% and 4.98%;

Among them, five key indicators including assets, deposits, loans, revenue, and profit all achieved growth, with total assets exceeding 700 billion for the first time, total loans surpassing 400 billion, and personal deposits maintaining double-digit growth, demonstrating strong development momentum.

The solid operational quality is rooted in Zhengzhou Bank's development strategy. Returning to local roots and deeply serving the real economy, Zhengzhou Bank focuses on the major financial "five articles" under the broad policy of financial services for the real economy, accurately and efficiently channeling more quality financial resources into the real economy.

Net Profit Returns to 1 Billion Yuan

On the basis of counter-cyclical growth in key indicators, Zhengzhou Bank's net profit attributable to the parent company has returned to the 1 billion yuan level in the first quarter of 2025.

In terms of credit, the total amount of loans reached 400.236 billion yuan, an increase of 3.24% compared to the end of last year, including corporate loans of 269.972 billion yuan and personal loans totaling 93.578 billion yuan, driving continuous growth in corporate profitability.

Strategically, Zhengzhou Bank vigorously supports the seven major industrial clusters of the province and city, the modernization of the "7+28+N" industrial chain, and the stable and healthy development of the real estate market; it assists in major provincial projects and the construction of the "three batches"; and promotes activities such as "ten thousand people helping ten thousand enterprises," allocating more financial resources to key areas and weak links in social development.

During the same period, total deposits reached 430.112 billion yuan, with personal deposits growing by 11.61% to 243.505 billion yuan; while making significant progress in retail business, it also supports the optimization of the overall business structure, management of funding costs, and enhancement of profitability.

While expanding in scale, Zhengzhou Bank's non-performing loan ratio reached 1.79% at the end of the first quarter, unchanged from the end of last year; its risk response capability has strengthened, with the provision coverage ratio increasing by 8.17% compared to the end of last year, both at a stable and reasonable level.

Deeply Implementing the "Five Major Articles"

Since the financial work conference has set the top-level framework for the five major articles in the financial sector, these five articles have become important tools for Zhengzhou Bank to support the real economy, adjust its business structure, and achieve high-quality development.

In terms of financial technology, the bank continues to increase precise support for technology-based enterprises. By the end of 2024, the balance of its science and technology financial loans reached 48.269 billion yuan, with a growth rate of 44.50%.

In terms of green finance, it supports the development of green industries, assists in the transformation of traditional industries, and provides diversified financing channels for green projects. By the end of 2024, the balance of green credit business reached 9.146 billion yuan, a year-on-year increase of 123.73%.

In terms of inclusive finance, it continues to improve the inclusive financial service mechanism, providing higher quality financial services for inclusive customer groups. By the end of 2024, the balance of inclusive microloans reached 53.685 billion yuan, a year-on-year increase of 7.46%.

In terms of pension finance, it increases financial support for the pension industry, health industry, and silver economy, actively promoting the construction of a pension financial service system to provide a safe, comfortable, and convenient financial service environment for the elderly In terms of digital finance, externally promote the deep integration of the digital economy and the real economy, incorporating financial services into the digital transformation scenarios of enterprises; internally, the digital transformation has officially started, streamlining the top-level design and establishing an operational mechanism