Zhou Wanfu, Vice President of Bank of Communications: Overall, the reserve and demand of credit projects in the third and fourth quarters remain stable.

At the corporate reception day and interim performance briefing of listed companies in the Shanghai area in 2025 this afternoon, Zhou Wanfu, Executive Director and Vice President of Bank of Communications, responded to questions regarding "how is the credit reserve situation for the second half of the year? Is it conducive to increasing interest margins?" He stated that Bank of Communications has always attached great importance to credit project reserves, earnestly implementing requirements related to providing high-quality financial services for the real economy, and making every effort to expand and improve project reserves. "At present, we see that the project reserves and demand in the third and fourth quarters remain stable overall, with a focus on 'two heavy, two new,' manufacturing, inclusive finance, green development, technological innovation, and rural revitalization, among other key areas, further strengthening the promotion efforts. At the same time, Bank of Communications has also reserved a number of key high-quality projects based on the industrial economic structure and characteristics of various regions." The interim report shows that in the first half of this year, Bank of Communications' interest income from customer loans was 138.325 billion yuan, a year-on-year decrease of 12.396 billion yuan, a decrease of 8.22%, mainly due to a 57 basis point decrease in the year-on-year average yield on customer loans.