Xiamen Bank responds to fluctuations in first quarter performance: investment business incurs floating losses on books, ROI expected to improve quarterly.

Recently, Xiamen Bank released its annual report for 2024, with the bank achieving operating income of 5.759 billion yuan last year, a year-on-year increase of 2.79%; achieving a net profit attributable to shareholders of the parent company of 2.595 billion yuan, a year-on-year decrease of 2.6%. The quarterly report for 2025 released on the same day showed a decline in both operating income and net profit. Xiamen Bank Chairman Hong Pipa stated at the performance meeting held by the bank that in 2025, against the backdrop of the continued "low interest rates, low interest spreads" in the banking industry, Xiamen Bank has entered a critical period of strategic transformation. Xiamen Bank President Wu Xinhao said that the main reason for the fluctuation in performance in the first quarter is the "tightening of interbank funds and the rise in central funds, leading to a decrease in the fair value of related assets in the company's trading book, resulting in book losses." He pointed out that the significant decline in income from investment-related business during the reporting period is a key factor leading to the decline in revenue during the same period.