Reduce 59 billion yuan in one year, Minsheng Bank corporate clients "deposit relocation"

(Source: Financial Report Planet)

The deposit interest rate has dropped significantly, and Minsheng Bank is increasingly unable to retain corporate clients.

Data show that in 2025, Minsheng Bank’s corporate deposit interest rate fell by 42 BP compared with the previous year. The result is that at the end of 2025, Minsheng Bank’s corporate deposit balance was 1.05T yuan, down 59.61 billion yuan from the end of the previous year, a decline of 2.01%.

Of this, at the end of 2025, Minsheng Bank’s demand deposit balance for corporate customers was 58.21B yuan, down 3.22 billion yuan from the end of 2024; the balance of corporate time deposits (including notice deposits) was 28.14B yuan, down 164.06B yuan from the end of 2024.

In terms of deposit structure, as of the end of 2025, Minsheng Bank Group’s total deposits absorbed were 12.89B yuan, up 599.99B yuan from the end of the previous year, an increase of 0.66%. Judging by customer structure, corporate deposits accounted for 67.46%, while personal deposits accounted for 32.50%.

In Minsheng Bank’s 2025 annual report, the bank’s president, Wang Xiaoyong, emphasized that this year, we laid our base in liabilities, cultivated deeply and diligently, and forged resilience that can withstand cycles. We strengthened compliance constraints and proactive management, firmly implemented self-discipline requirements, strengthened pricing management, and deeply seized high-quality liabilities across various transaction scenarios—“build first, then break” to optimize the liability structure. The scale of salary disbursement business and the volume of international settlement both grew significantly; the deposit interest rate fell to 1.74%, down 40 BP; the net interest margin was 1.40%, up 1 BP year over year, with dynamic performance better than the overall market.

On the liabilities side, the corporate deposit scale moved downward clearly; on the assets side, Minsheng Bank’s corporate loan scale was still held steady. At the end of 2025, Minsheng Bank achieved corporate loans and advances of 52.92B yuan; against the backdrop of a decline in overall loan scale, it still maintained 2.68% growth, which is quite remarkable.

Of this, at the end of 2025, Minsheng Bank’s general corporate loan balance was 8.43B yuan, up 1,640.57 billion yuan from the end of the previous year, an increase of 6.66%.

In response, Minsheng Bank explained that during the reporting period, the bank treated corporate finance as an important means to support high-quality development of the real economy, continuously optimized the customer tiering and classification operating system, and improved the integrated service quality and efficiency for large, midsize, small, and micro individual customers; it strengthened the expansion of settlement, insisting on optimizing the liability structure and significantly reducing liability costs; it focused on the “five major articles” to deepen credit support in key areas; it strengthened the application of advantaged product combinations and solidly advanced strategic businesses such as supply chain finance and salary disbursement; it improved the corporate risk management institutional framework and mechanisms, fully reinforcing the construction of a single defensive line; and it steadily enhanced digital empowerment and system support capabilities to promote the sustainable development of corporate business.

However, although in 2025 Minsheng Bank’s corporate loans and advances increased somewhat in scale, due to a sharp drop in yield, related income also fell significantly.

Data show that at the end of 2025, Minsheng Bank’s interest income from corporate loans and advances was 325.44B yuan, down 8B yuan compared with the end of 2024.

In terms of industry deployment, Minsheng Bank’s corporate lending is mainly concentrated in the leasing and business services industry, the manufacturing industry, and the real estate industry.

As of the end of 2025, Minsheng Bank’s total loans to the leasing and business services industry were 24.4B yuan, up 529.20 billion yuan from the end of the previous year; manufacturing industry loan totals were 3.03B yuan, down 84.31 billion yuan from the end of the previous year; real estate industry loan totals were 3,254.43 billion yuan, down 2.36B yuan from the end of the previous year.

As of the end of 2025, Minsheng Bank’s non-performing corporate loans were mainly concentrated in the real estate industry, wholesale and retail, and the manufacturing industry. The total non-performing loan amount across these three industries was 4.96B yuan, accounting for 71.76% of non-performing corporate loans.

Minsheng Bank explained that regarding changes in non-performing loans, mainly the leasing and business services industry was affected by the downgrade of certain corporate clients, causing the non-performing loan amount to increase by 3.026 billion yuan from the end of the previous year; wholesale and retail was affected by changes in the operating environment and intensified competition, causing the non-performing loan amount to increase by 2.356 billion yuan from the end of the previous year; and the real estate industry, due to increased efforts in non-performing loan disposal, saw the non-performing loan amount decrease by 4.962 billion yuan from the end of the previous year.

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