Postal Savings Bank of China President Lu Wei: Maintain the interest margin advantage, and develop non-interest income through extraordinary means as the "second growth curve"

Reprinted from: Xinhua Finance

Xinhua Finance, Beijing, March 30 (Reporter Wu Congsi) — On March 30, Lu Wei, president of Postal Savings Bank, said at the bank’s 2025 performance briefing that the bank will firmly and without hesitation advance its “dual-track parallel” strategy, strengthen the “first growth curve” of net interest margin, and develop non-interest income in an exceptional manner as the “second growth curve.”

Postal Savings Bank’s 2025 annual report shows that last year the bank’s net interest margin was 1.66%, continuing to maintain the optimal level among China’s state-owned large banks.

Lu Wei said the bank’s net interest margin is very stable. Its deposit sources are stable, and its interest payment rate remains at a low level among listed banks, giving it a strong cost advantage. At the same time, the bank keeps lending pricing rational, resolutely refuses to “compete in a price war,” and maintained its net interest margin at an industry-leading level of 1.66% last year.

Lu Wei said the bank will firmly and without hesitation advance its “dual-track parallel” strategy. On the one hand, it will consolidate the “first growth curve” of net interest margin, maintain our core advantages, keep the reasonable growth of credit and bond investments, refine the management of lending and deposit pricing, preserve the comparative advantage in net interest margin, and ensure that the main income sources remain stable and improve. On the other hand, it will develop non-interest income on an exceptional scale as the “second growth curve,” vigorously cultivate the five major growth drivers of wealth management, payments and settlement, investment banking, transaction banking, and financial markets, ensuring the sustained growth of new income sources. By advancing both tracks in parallel and enabling integrated development, it will achieve the smooth operation of a new development model.

Postal Savings Bank’s 2025 annual report shows that last year the bank achieved net fee and commission income of 29.365 billion yuan, up 16.15% year over year. Of this, fee income from wealth management products was 5.373 billion yuan, up 1.422 billion yuan year over year, a growth of 35.99%; fee income from investment banking business was 4.596 billion yuan, up 1.278 billion yuan year over year, a growth of 38.52%.

Editor: Wang Chunxia

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