Bank of China (03988) announced interim results. Shareholders' after-tax profit of 123.594 billion yuan increased 5.1% year-on-year

According to the Zhitong Finance App, the Bank of China (03988) announced interim results for the six months ended June 30, 2026. The Bank obtained net interest income of 236.733 billion yuan, up 10.2% year on year; operating income of 357.113 billion yuan, up 8.41% year on year; the Bank's shareholders' after-tax profit of 123.594 billion yuan, up 5.1% year on year; basic income per share of 0.36 yuan. It is proposed to distribute 2026 mid-term common stock dividend of RMB 1.190 yuan (before tax) for every 10 shares.

In the first half of the year, the Group's business developed steadily, assets and liabilities grew steadily, financial efficiency performance was steady, and the main indicators remained within a reasonable range. At the end of June, the Group's total assets were 401,86,351 billion yuan, up 4.77% from the end of the previous year; total liabilities were 369,45.967 billion yuan, up 5.11% from the end of the previous year. In the first half of the year, the Group achieved operating income of 357.113 billion yuan and profit after tax of 132,031 billion yuan, up 8.41% and 4.67%, respectively. The average return on total assets (ROA) was 0.67%, and the return on net assets (ROE) was 8.66%, maintaining a reasonable level. Net interest spread was 1.27%, up 1 basis point year over year. The cost-revenue ratio was 23.43%, down 1.68 percentage points year on year, and operational efficiency was further improved.

The implementation of macroeconomic policies is strong and effective, and the quality of credit investment is steady and improving. At the end of June, RMB loans to domestic institutions increased by 1.20 trillion yuan over the end of the previous year, an increase of 5.98%. Implement fiscal interest rate discount policies, thoroughly implement special actions to boost consumption, and fully support the promotion of consumption and expansion of domestic demand. By the end of June, it had processed financial interest rate discount services for consumer loans for over 1.66 million customers. Financial support in key areas was increased, and local and foreign currency loans to the manufacturing industry increased by 12% over the end of the previous year. To support private economic development and growth, local and foreign currency loans to private enterprises increased by 9% over the end of the previous year. Help stabilize the real estate market and meet residents' needs for rigid and improved housing. To help the healthy and stable development of the capital market, the amount of stock repurchase plans of listed credit service companies remains market-leading.

The advantages of technology finance have been consolidated, and technology loans account for more than one-third of public loans. Green finance maintained its lead. The balance of green loans (the caliber of the People's Bank of China) increased by 13.32% over the end of the previous year, and the scale of underwriting domestic green bonds remained leading by Chinese institutions. Inclusive finance expanded incrementally. The loan balance exceeded 3.06 trillion yuan, the number of loan accounts exceeded 1.8 million, and the number of “specialized, special and new” enterprises at the national and provincial levels led the industry in terms of number of credit customers. Pension finance is developing steadily, and the number of individual corporate annuity accounts and the scale of corporate annuity escrow funds have maintained steady growth. Digital finance accelerates empowerment, promotes the implementation of new technologies such as artificial intelligence, accelerates network transformation and smart operation, and steadily promotes the paperless construction of counter business. Digital support for financial services was strengthened. The number of monthly active personal mobile banking customers increased 6.86% year-on-year, and the amount spent in digital yuan remained market-leading.