Assets exceed one trillion! Chongqing Bank achieves nearly six years of double-digit growth in both revenue and net profit

Produced by | Zhongfang Network

Reviewed by | Li Xiaoyan

Recently, Chongqing Bank released its 2025 annual report, a remarkable achievement that combines scale breakthroughs, profit growth, and quality improvements, officially announcing its successful entry into the trillion-level urban commercial bank tier, injecting strong momentum into the high-quality development of Western finance. The report shows that by the end of 2025, Chongqing Bank’s total assets reached 1,033.726 billion yuan, an increase of 177.1 billion yuan from the previous year, with a growth rate of 20.67%; the annual operating income reached 15.113 billion yuan and net profit 6.105 billion yuan, with year-on-year growth of 10.48% and 10.58%, respectively, achieving the first double-digit growth in revenue and net profit in nearly six years, carving out a unique path of coordinated development in scale, efficiency, and quality amid a complex environment of declining industry interest margins.

The new management team leads performance recovery, solidifying the foundation for development

Chongqing Bank’s leapfrog development is inseparable from the precise strategies and profound reforms of its new management team. From 2023 to 2024, with the successive appointments of President Gao Song and Chairman Yang Xiuming, Chongqing Bank has entered a new phase of comprehensive deepening of reforms. Faced with the previous challenges of sluggish revenue growth and pressure on non-performing loan ratios, the new management team, based on its position as a local financial state-owned enterprise, closely aligns with the core mission of serving the real economy, deeply advancing 13 key reform tasks, making comprehensive efforts in optimizing operational mechanisms, improving internal control systems, and building employee development systems, thus steering the bank’s development back on track.

Chairman Yang Xiuming clearly pointed out in the financial report that through continuous deepening of reforms, the group’s integrated operational level and operational efficiency have significantly improved, and net interest margins have stabilized and rebounded, laying a solid foundation for double-digit growth in performance. President Gao Song led the management team to focus on the main responsibility of credit issuance, optimize resource allocation, promote the efficient growth of loan business, while strengthening cost control on the liability side and exploring differentiated interest margin management paths. Under the overall leadership of the new management team, Chongqing Bank not only quickly reversed the downward trend in performance but also built a clear accountability and efficient operational management system, solidifying the institutional foundation for continued development after reaching the trillion scale.

The results of the reforms are visually reflected in the steady improvement of core operational indicators. By 2025, the total amount of customer loans and advances at Chongqing Bank reached 531.285 billion yuan, a year-on-year increase of 20.58%, of which corporate loans amounted to 409.867 billion yuan, with a growth rate as high as 30.95%, becoming the core engine driving asset scale growth. The effectiveness of cost control on the liability side is significant, with the average cost rate of interest-bearing liabilities decreasing by 40 basis points from the previous year to 2.18%, effectively offsetting the downward pressure on the yield of interest-earning assets, pushing the net interest spread to increase by 0.13 percentage points year-on-year to 1.35%, and the net interest yield rising to 1.39%, achieving a counter-cyclical rebound amid the downward trend of industry interest margins, showcasing strong operational resilience.

Anchoring strategic orientation, empowering regional development

As a locally incorporated bank rooted in Chongqing, Chongqing Bank has always integrated its development into the national strategy and the overall situation of regional development, empowering the high-quality development of the real economy with precise financial services, achieving a synchronous resonance of bank value and social value. By 2025, Chongqing Bank has deeply focused on national major strategies such as the Chengdu-Chongqing economic circle and the new western land-sea corridor, cumulatively serving nearly 150 major projects in the Chengdu-Chongqing economic circle, with a financing balance of over 55 billion yuan for the new western land-sea corridor construction, and the “Huichang Land-Sea” brand selected as a landmark achievement by the Chongqing State-owned Assets Supervision and Administration Commission, recognized as an “Outstanding Unit for Comprehensive Contribution to Chongqing’s High-quality Development” by the Chongqing Municipal Government.

In terms of industrial empowerment, Chongqing Bank closely aligns with Chongqing’s “33618” modern manufacturing cluster system and “416” technology innovation layout, increasing financial support for advanced manufacturing and new productivity. Throughout the year, the incremental amount and growth rate of manufacturing loans reached a five-year high, with loans to technology enterprises increasing by 60%, and green credit scale growing by 40%, issuing the first bank technology innovation financial bonds in the western region, providing full-cycle financial support for technology innovation enterprises and green industry development. At the same time, focusing on key groups such as small and micro enterprises, individual industrial and commercial households, and new citizens, the bank continuously optimizes inclusive financial services, with inclusive small and micro loans under the “two increases” caliber growing by 15.695 billion yuan since the end of the previous year, and agricultural loans increasing by 7.739 billion yuan, serving over 52,000 “three rural” customers, using precise financial water to nourish the fertile soil for the development of the real economy.

The transformation of retail business steadily advances, becoming an important lever for serving people’s livelihoods. Chongqing Bank focuses on the needs of individual customers, optimizes the consumer credit product system, and promotes the steady growth of its self-operated consumer loan “Jie E Loan,” with a balance exceeding 10 billion yuan; the balance of loans to the elderly care industry increased by over 120%, and the number of elderly care customers grew by over 10%, building a retail financial service ecosystem covering consumption, elderly care, and other fields, continuously enhancing customer stickiness and service quality.

Digital transformation accelerates, reshaping development momentum

In the face of the rapid development of financial technology, Chongqing Bank takes digital transformation as its core driving force, promoting the deep integration of technology and business, injecting innovative vitality into its trillion-level scale development. By 2025, Chongqing Bank will advance the digital transformation from version 1.0 to 2.0 around the “456” digital transformation strategic blueprint, deeply implementing the “Artificial Intelligence+” strategy, building a large model technology base centered on the “Chongyin Xiao AI” platform, successfully incubating over 10 high-value application scenarios such as “Compliance Smart Response,” “Mortgage AI Helper,” and “Industry Intelligence Analysis,” empowering key areas such as credit review, risk internal control, and intelligent office, significantly improving operational efficiency and service intelligence levels.

The effectiveness of technology empowerment is evident, as Chongqing Bank has seen projects selected for the People’s Bank of China’s financial technology innovation regulatory pilot applications for six consecutive years, with the “Digital Due Diligence Service System” included among the first batch of projects in the construction of the Western Financial Center, and the “Green Finance (ESG) Service System” representing local banking institutions at the “Digital Chongqing Achievement Exhibition.” In the field of data governance, key indicators such as data collection rate and core business digitization rate have remained at 100%, establishing an “Industry Policy and Regulation Specialized Data Set,” with its data governance capabilities awarded the DAMA China award for six consecutive years, winning multiple case awards in the Chongqing division of the “Data Element X” competition, with the quantity and quality of awards ranking first among participating banks.

At the same time, Chongqing Bank continuously optimizes channel services, launching convenient service processes of “online pre-approval + offline fast processing,” leveraging RPA technology to streamline business segments, reducing the average signing time for corporate online banking by 56%, and significantly enhancing the comprehensive service capabilities of digital channels. In December 2025, Chongqing Bank’s digital channel services won two awards: “Digital Bank Selected Excellent Case” and “Corporate Online Banking Leading Star,” with related cases recognized as typical applications of financial technology innovation, demonstrating the significant results of technology empowering financial services.

Building a solid safety line, consolidating the foundation for development

Amid rapid expansion, asset quality and risk control are the lifelines for the stable development of banks. Chongqing Bank always adheres to a prudent operating philosophy, integrating risk control throughout the entire business development process, establishing a comprehensive and multi-layered risk control system to provide a solid safety barrier for its trillion-scale development. By 2025, Chongqing Bank innovatively launched a “Three Checks and Three Controls” risk control model, building a full-process management system of “pre-loan intelligent due diligence + in-loan system interception + post-loan monitoring and early warning,” achieving precise identification and control of risks, effectively enhancing risk disposal capabilities.

Asset quality continues to improve; by the end of 2025, Chongqing Bank’s overall non-performing loan ratio for loan business stood at 1.14%, a year-on-year decrease of 0.11 percentage points, reaching a new low in recent years; the provision coverage ratio reached 245.58%, an increase of 0.5 percentage points year-on-year, further enhancing risk offsetting capabilities, providing a sufficient “safety cushion” to cope with potential risks. By business segment, the non-performing loan ratio for corporate loans dropped to 0.71%, a decrease of 0.19 percentage points from the previous year, with asset quality steadily improving; although the non-performing loan ratio for retail loans has increased, Chongqing Bank has clearly focused on the high-quality transformation of retail business, promoting the continuous improvement of retail business through product system optimization, expanding customer sources, and enhancing risk control capabilities.

In terms of compliance management, Chongqing Bank promotes full coverage of institutional post-assessment, strengthens special monitoring of compliance risks and customer complaint management, with no major regulatory penalties throughout the year, maintaining stable regulatory ratings, providing solid assurance for business compliance. At the same time, Chongqing Bank places great importance on cybersecurity construction, with two achievements selected as pilot demonstration projects for cybersecurity technology applications jointly organized by thirteen ministries and commissions, possessing industry-leading centralized and intelligent security protection capabilities, effectively safeguarding customer fund security and business continuity.

Optimizing development paths, continuing to write a new chapter of high-quality development

Standing at the new starting point of breaking the trillion asset scale, Chongqing Bank faces challenges such as intensified industry competition and stricter capital constraints, but also welcomes significant opportunities to serve regional development and deepen technology empowerment. In response to the capital consumption issues brought about by rapid asset expansion, Chongqing Bank is actively exploring capital replenishment paths, holding 13 billion yuan in convertible bonds, which, if fully converted to equity, could effectively bolster the core Tier 1 capital adequacy ratio, while continuously optimizing business structure and increasing the proportion of light capital businesses to alleviate capital pressure.

The transformation of retail business will become an important focus for future development. Chongqing Bank will further focus on tiered management of individual customers, upgrade the “Chongyin Wealth” brand, optimize the wealth management product system, increase the proportion of wealth management intermediary business income, and promote the high-quality development of retail business, creating a new profit growth pole. At the same time, Chongqing Bank will continue to deepen digital transformation, promote large-scale AI models from “pilot” to “large-scale practical combat,” establishing a “human-machine collaboration” operating model, using technology empowerment to enhance service efficiency and core competitiveness.

As the third urban commercial bank in the country to list “A+H,” Chongqing Bank has, through years of prudent operation, continuously enhanced its brand influence and market recognition, ranking among the top 300 of the UK’s “Banker” global top 1000 banks for ten consecutive years, selected for the State-owned Assets Supervision and Administration Commission’s “Double Hundred Enterprises” list for four consecutive years, and receiving Standard & Poor’s international investment-grade rating for nine consecutive years, laying a solid brand foundation for future development.

From a former local cooperative bank to today’s trillion-level urban commercial bank, Chongqing Bank has broken through with reforms, established itself through service, empowered through technology, and safeguarded through risk control, forging a unique path of high-quality development. Standing at a new historical starting point, Chongqing Bank will continue to adhere to its positioning as a local incorporated bank, deeply integrate into the national strategy and regional development, continuously optimize operational management, deepen technology empowerment, and strengthen risk control, writing a new chapter of high-quality development for trillion-level urban commercial banks in the journey of serving the real economy and empowering the development of people’s livelihoods, contributing greater strength to the construction of the Western Financial Center.