Bank of Communications President Liu Jianjun: May's asymmetric interest rate cuts ease interest rate spread pressure, has disposed of 47.3 billion yuan in principal and interest on non-performing loans both on and off the balance sheet.

This afternoon, Postal Savings Bank held a mid-term performance release conference in Beijing for 2025. When discussing net interest margin, Liu Jianjun, President of Postal Savings Bank, pointed out that after the asymmetric interest rate cut in May, the bank's pressure on interest margin has been significantly relieved. At the same time, in the first half of the year, the bank achieved improvement in interest net income performance through the growth and optimization of credit scale, as well as cost control of liabilities. In addition, in the first half of the year, the bank increased efforts in clearing and disposing of non-performing assets, contributing to diversifying disposals, with a disposal of 47.3 billion yuan of non-performing loans in and out of the balance sheet, an increase of more than 50% compared to the same period last year.