According to the Zhitong Finance App, Bank of Communications (03328) announced its 2026 interim results, with net operating income of 142,540 billion yuan, up 6.77% year on year; net profit (attributable to shareholders of parent company) of 47.884 billion yuan, up 4.04% year on year; and earnings per share of 0.52 yuan.
Improving the quality and efficiency of business development. During the reporting period, the Group's net profit (attributable to shareholders of the parent company) and net operating income increased by 4.04% and 6.77%, respectively, from the first quarter; the net interest yield was 1.23%, up 2 basis points year on year, achieving a steady recovery, driving net interest income to continue to increase 8.62% year over year on the basis of positive growth in the previous year; subsidiaries and overseas banks formed diversified support, contributing 3.67 percentage points to the Group's net profit over the previous year.
Business growth has highlighted characteristics. Improve the effectiveness of fiscal and financial support policies and the implementation of structural monetary policy tools to adapt to local conditions; implement national key regional strategies, customer loan balances in the Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area rose 0.16 percentage points to 54.15% compared to the end of the previous year; strengthen cross-border services to actively serve enterprises to “go global”, and the balance of cross-border trade finance increased 70.83% over the end of the previous year.
Resource allocation is more efficient. Strengthen the refined management of financial resources. While net operating income maintained high growth, business costs decreased 2.08% year on year, and cost to revenue ratio decreased 2.47 percentage points year on year. We have deepened the empowerment of artificial intelligence technology, implemented more than 420 AI application scenarios, and achieved positive results in business fields such as cross-border finance, inclusive finance, risk prevention and control, and anti-electronic fraud.
Resilience to risk. Strengthen the construction of a comprehensive risk management system, solidly promote risk prevention and control in key areas, and adhere to the bottom line that systemic risks do not occur. At the end of the reporting period, the Group's non-performing loan ratio was 1.30%, and the provision coverage rate was 203.80%.
At the end of the reporting period, the Group's total assets were 16.26 trillion yuan, an increase of 4.58% over the end of the previous year. Among them, the balance of customer loans (excluding accrued interest, before deducting impairment provisions, same below) was 9.49 trillion yuan, an increase of 366.102 billion yuan over the end of the previous year, an increase of 4.01%; the customer deposit balance was 9.92 trillion yuan, an increase of 607.621 billion yuan over the end of the previous year, an increase of 6.53%.