Luzhou Bank's net profit surged by 20.91%, with last year's consumer loan non-performing balance doubling!

(Source: 大鱼财经 studio)

On March 23, Luzhou Bank released its full-year 2025 performance results.

As of the end of 2025, the bank’s total assets were RMB 2024.62 billion, up 18.4% year over year; among them, net customer loans were RMB 1187.84 billion, up 20.49%; and customer deposits were RMB 1565.56 billion, up 15.7%.

In Luzhou Bank’s loan structure, corporate loans account for a relatively high proportion. As of the end of 2025, the bank’s balance of corporate loans was RMB 1092.94 billion, up 21.93%, accounting for 87.56% of total loans. Meanwhile, personal loan balances declined year over year, with a balance of RMB 120.11 billion, down 10.58% year over year, accounting for 9.62% of total loans.

Looking at the specific categories of retail loans, in 2025, the bank’s balances of personal business loans, personal mortgage loans, and personal consumer loans all declined, with year-over-year decreases of 8.79%, 11.35%, and 18.47%, respectively.

Behind the contraction in its personal loan business, Luzhou Bank’s non-performing rate on personal loans has been rising year by year. From 2021 to the end of 2025, the bank’s non-performing loan ratio for retail loans was 1.57%, 2.09%, 2.55%, 3.66%, and 4.71%, respectively.

Last year, the bank’s non-performing rate on personal consumer loans rose sharply. As of the end of 2025, the bank’s balance of personal consumer loans was RMB 15.32 billion, of which the amount of non-performing loans was RMB 0.54 billion, up 124.32% year over year. The non-performing loan ratio was 3.5%, up 2.23 percentage points year over year.

Image source: Luzhou Bank’s financial report

As of the end of 2025, the bank’s overall non-performing loan ratio was 1.18%, down 0.01 percentage points year over year; its allowance coverage ratio was 415.24%, down 19.95 percentage points year over year.

Over the whole of last year, Luzhou Bank achieved operating revenue of RMB 48.61 billion, down 6.69% year over year; and net profit attributable to the bank of RMB 15.41 billion, up significantly 20.91% year over year.

Last year, the bank’s net interest income grew steadily, up 15.77% to RMB 40.74 billion. In its financial statements, the bank said this was mainly due to the growth in the scale of interest-earning assets and the decrease in the average cost rate of interest-bearing liabilities.

Net fee and commission income fell sharply. Last year, revenue was RMB 0.86 billion, down 50.43% year over year.

On the same day the annual report was released, Luzhou Bank also announced personnel changes for multiple senior executives. President Liu Shirong resigned due to nearing retirement age, and was reassigned as a non-executive director (employee director). He would still serve as a member of the Board’s related (connected) transaction control committee and a member of the risk management committee. Deputy President Xue Xiaoqin also resigned from the deputy president role due to retirement.

Public information shows that Liu Shirong has served at the bank since 1997. He has held positions including branch president, department head, secretary of the board of directors, executive vice president, and president.

In addition, the president of the Chengdu branch (managed city-level) Wang Chong resigned due to a work reassignment, but he still serves as a deputy president of Luzhou Bank. The Chengdu branch’s president (managed city-level) duties are carried out on an interim basis by Guo Changliang, the deputy president of the Chengdu branch.

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