Bank of Communications H1 Net Profit Up 4.04% to RMB47.87 Billion
Bank of Communications reported a 4.04% year-on-year rise in net profit attributable to shareholders to RMB47.874 billion for the first half of 2026, with operating income up 6.73% to RMB142.343 billion. Customer deposits reached RMB9.92 trillion, up 6.53% from end-2025, while loans grew 4.01%. Net interest margin improved to 1.23%, and the non-performing loan ratio stood at 1.30%.
Bank of Communications released its interim results for 2026 on August 28. In the first half, the bank achieved net profit attributable to shareholders of RMB47.874 billion, up 4.04% year on year, and operating income of RMB142.343 billion, up 6.73%. As of end-June, total assets reached RMB16.26 trillion, and customer deposits stood at RMB9.92 trillion, up 6.53% from end-2025, with domestic RMB deposit growth leading comparable peers. Customer loans totaled RMB9.49 trillion, of which corporate loans grew 6.80%. Net interest margin was 1.23%, up 2 basis points year on year; net interest income rose 8.62% to RMB92.592 billion, accounting for 65.05% of operating income.
On deposits, customer balances increased by RMB607.621 billion from end-2025. Corporate deposits reached RMB5.46 trillion, up RMB382.546 billion, lifting their share of customer deposits to 55.11%. Retail customers at domestic branches totaled 208 million, up 1.52% from end-2025. Services such as payroll and social security drove diversified demand for accounts, payments, consumption, and wealth management, with customer funds continuing to accumulate within the system.
On lending, customer loans rose by RMB366.102 billion, or 4.01%, from end-2025. Corporate loans reached RMB6.46 trillion, up RMB411.196 billion, or 6.80%, raising their share of customer loans to 68.02%. By sector, manufacturing loans grew 12.89%, private enterprise loans 8.74%, core digital economy industry loans 16.58%, and green loans 9.67% from the start of the year.
In technology finance, the bank provided integrated support through an equity, loan, bond, lease, and trust service system. As of end-June, BOCOM Financial Leasing's shipping leasing assets stood at RMB157.487 billion, ranking first among peers, while technology leasing balances reached RMB53.34 billion. BOCOM Investment's new pure equity project volume and amount both more than doubled year on year. Asset quality remained stable, with a non-performing loan ratio of 1.30% and a provision coverage ratio of 203.80%.
In regional operations, the bank deepened services for Shanghai's five-center development and extended its reach across the Yangtze River Delta. As of end-June, Shanghai branch RMB general loans grew 9.85% from the start of the year, ranking first in market increments; Yangtze River Delta loans increased by over RMB170 billion. In the first half, the region contributed nearly half of the bank's total profit and about 40% of net revenue.
In cross-border finance, the basic customer base grew 12.61% year on year, and international balance of payments volume rose 16.53%. Cross-border trade finance balances increased 70.83% from end-2025, with Shanghai's balance reaching RMB22.679 billion, up 72.62%. The bank upgraded its BOCOM Shipping Trade platform to offer cross-border settlement, trade finance, and exchange-rate hedging, with an intelligent agent handling document sorting, review, and report generation. Artificial intelligence has been applied to financial markets, customer operations, credit approval, and post-lending management.
During the 15th Five-Year Plan period, the bank will focus on integrated services, cross-border services, and wealth management as three distinctive strengths, leveraging its Shanghai headquarters to advance these businesses.