CITIC Bank H1 2026: NPL Ratio Steady at 1.15%, Provision Coverage Slightly Down
At its H1 2026 results briefing on August 27, CITIC Bank's Vice President and Chief Risk Officer Jin Xinian expressed confidence in maintaining asset quality stability for the full year and beyond. The bank reported an NPL ratio of 1.15%, unchanged from end-2025, an NPL formation rate of 0.55%, and a provision coverage ratio of 203.12%, down 0.49 percentage points year-on-year.
At the CITIC Bank 2026 interim results briefing held on August 27, Vice President and Chief Risk Officer Jin Xinian said the bank is confident in maintaining asset quality stability for the full year and in the coming years. He noted that asset quality achieved "three stabilizations" in the first half: the non-performing loan (NPL) ratio held at 1.15%, unchanged from end-2025, following seven consecutive years of decline; the NPL formation rate stood at 0.55%, flat compared with the same period in 2025; and the provision coverage ratio was 203.12%, down 0.49 percentage points year-on-year, a smaller decline than that of comparable peers.
By segment, the corporate NPL ratio was 1.08% in the first half, down 0.01 percentage point from end-2025, while the retail NPL ratio was 1.33%, up 0.01 percentage point from end-2025. Jin attributed the stability to both adherence to risk-control principles and enhancements in the risk-control system and capabilities. The bank continues to pursue the philosophy of "effective risk control and favorable development," emphasizing returns that are net of risk.
Looking ahead, Jin said CITIC Bank has set a goal of "creating value through risk control" and will continue to improve its risk-control framework, optimize credit structure, and enhance management efficiency to consolidate asset quality stability. The data and statements are from the bank's public 2026 interim results briefing.