Bank annual report data shows that net interest margin is expected to stabilize this year.

People’s Finance Network, April 7—As of now, more than 20 A-share listed banks have disclosed their 2025 annual reports, including 6 state-owned major banks and 9 joint-stock commercial banks. The data show that although net interest margins are still continuing to narrow, the above-mentioned banks are gradually getting out of the predicament of negative revenue growth. Looking back over the past three years, in the face of a low-interest-margin environment, banks’ non-interest income has played an important supporting role, effectively offsetting the revenue gap caused by the decline in net interest income. A positive change is that, as the pace of net interest margin narrowing slows, net interest income—an essential component of banks’ revenue—began to improve in 2025. Several listed banks saw this metric turn from negative to positive, helping reverse the overall revenue trend of continued negative growth that had persisted for the previous two years. In addition, even if the revenue and net interest income of some banks still show negative growth, the rate of decline has already become noticeably smaller.