Bank of Shanghai H1 2026: Revenue RMB 28.84 billion, Net Profit RMB 13.30 billion

SPD Bank released its 2026 interim report. During the reporting period, the bank achieved operating revenue of RMB 93.777 billion, up 3.55% year on year; net profit attributable to shareholders of the parent bank was RMB 30.951 billion, up 4.08%. As of the end of the reporting period, total assets stood at RMB 10.405355 trillion, up 3.21% from end-2025; the non-performing loan (NPL) ratio was 1.25%, down 0.01 percentage point from end-2025; the provision coverage ratio was 197.81%.

During the reporting period, the bank achieved operating revenue of RMB 28.842 billion, up 5.48% year on year; net profit attributable to shareholders of the parent bank was RMB 13.299 billion, up 0.51%. As of end-June 2026, total assets stood at RMB 3.418811 trillion, up 3.33% from end-2025; total liabilities were RMB 3.150706 trillion, up 3.23% from end-2025; the NPL ratio was 1.42%, up 0.24 percentage point from end-2025; the provision coverage ratio was 198.25%; the net interest margin was 1.15%, flat with the same period in 2025.

In terms of asset-liability structure, as of end-June 2026, Bank of Shanghai's total customer loans and advances amounted to RMB 1.528765 trillion, up 6.10% from end-2025. Among these, corporate loans reached RMB 957.241 billion, up 11.43% from end-2025. In the first half of 2026, technology loan disbursements totaled RMB 149.344 billion, up 60.96% year on year; at end-June, the technology loan balance was RMB 219.312 billion, up 16.11% from end-2025; the number of technology loan customers was 8,856, including more than 4,000 specialized and innovative enterprises and nearly 3,600 innovative small and medium-sized enterprises. Manufacturing loan disbursements reached RMB 70.501 billion, up 23.49% year on year; at end-June, the manufacturing loan balance was RMB 131.271 billion, up 17.56% from end-2025. Total deposits stood at RMB 1.863337 trillion, up 7.43% from end-2025. Among these, corporate deposits rose 8.96% from end-2025, and personal deposits rose 4.79%.

During the reporting period, the average interest rate on interest-bearing liabilities was 1.42%, down 0.34 percentage point year on year.

In terms of income structure, net interest income rose 7.37% year on year in the first half, while non-interest net income rose 2.63%. Among these, net fee and commission income was RMB 1.85 billion, down RMB 210 million, or 10.20%, mainly due to market fee declines, with credit commitment business income, advisory and consulting business income, and bank card business income all decreasing year on year; other non-interest net income was RMB 9.327 billion, up RMB 496 million, or 5.62%, mainly due to seizing interest rate band opportunities, accelerating financial asset turnover, driving investment income growth, and disposing and revitalizing some non-self-use properties, boosting asset disposal income.

In terms of asset quality, as of end-June 2026, Bank of Shanghai's special-mention loan ratio was 1.77%, down 0.34 percentage point from end-2025; the overdue loan ratio was 1.50%, down 0.15 percentage point from end-2025. The corporate loan NPL ratio was 1.66%, up 0.31 percentage point from end-2025, mainly due to a few existing real estate and construction customers facing operational pressure from industry cycle fluctuations, leading to classification downgrades; the retail loan NPL ratio was 1.42%, up 0.08 percentage point from end-2025, affected by delays in disposing of existing risks. In terms of capital adequacy, at end-June, the core tier-1 capital adequacy ratio was 10.68%, the tier-1 capital adequacy ratio was 11.10%, and the capital adequacy ratio was 13.76%, up 0.03 percentage point, up 0.01 percentage point, and down 0.24 percentage point from end-2025, respectively.