Bank of Jiangsu H1 Net Profit Up 8.09% to RMB 21.88 Billion
Bank of Jiangsu reported H1 2026 revenue of RMB 48.95 billion, up 9.11% year on year, and net profit attributable to shareholders of RMB 21.88 billion, up 8.09%. The bank will strengthen wealth management, manage net interest margin, and maintain capital adequacy.
On August 28, Bank of Jiangsu held its interim results briefing for the first half of 2026. During the briefing, the bank disclosed that it achieved operating revenue of RMB 48.95 billion in the first half, up 9.11% year on year, and net profit attributable to shareholders of RMB 21.88 billion, up 8.09%. Net interest income, net fee and commission income, and other non-interest income all recorded positive growth.
Regarding wealth management, Bank of Jiangsu said it will continue to strengthen asset allocation capabilities, enrich the supply of wealth products, and improve business quality and efficiency through tiered and classified customer management and retail digitalization. Currently, the bank's retail AUM growth structure reflects a pattern where deposits form the foundation, while wealth management products, mutual funds, and insurance contribute incremental growth. As the net-value transformation deepens, the bank will expand the supply of investment products to match the allocation needs of customers with different risk preferences. Through asset allocation services, it will guide customer funds to be reasonably allocated among deposits, wealth management products, mutual funds, insurance, trust asset management, and precious metals, thereby driving growth in agency intermediary business income. In addition, leveraging advantageous resources such as the "Suchao" platform, the bank will deepen the construction of a "finance plus culture, sports, tourism, and commerce" ecosystem, providing diversified value-added benefits such as event viewing, consumption, cultural tourism, and health and wellness, thereby extending the boundaries of wealth services. It will also iteratively upgrade digital tools such as the wealth manager AI assistant and the external visit AI assistant, and implement scenario-based solutions for pension finance and wealth inheritance.
Addressing the net interest margin issue, the bank's management stated that in the second half of the year, it will further promote liability cost reduction and optimize the asset-liability structure. In the first half, the bank's net interest margin declined to 1.64%. Lu Songsheng, director, board secretary, and head of the planning and finance department, said the bank will continue to drive bank-wide liability cost reduction, strengthen quota management for high-cost liabilities, continuously optimize the deposit maturity structure, and dynamically adjust customer interest rates based on market trends. Going forward, the bank will strengthen loan interest rate management, stabilize loan yield levels, and increase the accumulation of demand deposits.
Regarding capital adequacy, as of the end of June, Bank of Jiangsu's core tier 1 capital adequacy ratio stood at 8.67%, down 0.26 percentage points from the beginning of the year. In response to questions about the trend of capital adequacy under rapid asset growth and the need for capital increases, Chairman Yuan Jun said the bank will comprehensively consider profit growth, capital consumption, and shareholder returns, and formulate a reasonable medium- and long-term capital plan based on its own operating conditions. The bank will balance scale, efficiency, effectiveness, and quality to ensure all capital indicators remain within the compliance range. In the future, it will coordinate efforts to increase capital sources and reduce capital consumption, enhancing the bank's profitability and internal capital accumulation while continuing to refine capital management, and will closely monitor policy directions, relevant regulatory requirements, and industry trends.