SPD Bank's total assets first surpass 10 trillion yuan; China's bank members of the 10 trillion yuan club expand to 12.

(Source: Shanghai Observer News)

Our country’s banking industry’s 10 trillion yuan club welcomes a new member. On March 31, the reporter learned from the 2025 annual performance briefing of Shanghai Pudong Development Bank that by the end of 2025, the bank’s total assets officially surpassed 10 trillion yuan, reaching 10.08 trillion yuan, an increase of 100k yuan from the end of the previous year, a growth of 6.55%. This figure marks that Pudong Development Bank has officially entered the domestic banking industry’s 10 trillion yuan club.

In terms of performance, Pudong Development Bank’s profitability continues to strengthen. In 2025, it achieved operating income of 100k yuan, an increase of 100.8k yuan or 1.88% year-on-year; net profit attributable to the parent company’s shareholders was 619.87B yuan, an increase of 100k yuan or 10.52% year-on-year, maintaining double-digit growth for two consecutive years.

As a local state-owned bank in Shanghai, by the end of 2025, Pudong Development Bank’s deposits in Shanghai’s local and foreign currencies reached 1.5267 trillion yuan, a 6.6% increase from the end of the previous year; its local and foreign currency loans totaled 762 billion yuan, a 10.5% increase from the end of the previous year. Both the scale and growth of deposits and loans rank first among joint-stock banks.

With Pudong Development Bank’s addition, the members of our country’s 10 trillion yuan banking club have expanded to 12. This group includes six large state-owned commercial banks: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China; four nationwide joint-stock banks: China Merchants Bank, Industrial Bank, China CITIC Bank, and Pudong Development Bank; as well as two policy banks: China Development Bank and Agricultural Development Bank of China. The concentration effect of leading institutions is becoming increasingly prominent, and the industry landscape is further evolving toward scale and intensive development.

Original title: “Pudong Development Bank’s Total Assets First Break Through 10 Trillion Yuan, Expanding the Number of China’s 10 Trillion Yuan Banking Club to 12 Members”

Column chief editor: Zhang Yang Cover image source: Shanghai Observer News Cover image

Source: Author: Jiefang Daily Ju He Fei

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