CITIC Bank 2026 Interim Net Profit Up 3.08% to RMB 37.6 Billion

CITIC Bank released its 2026 interim results on August 26. For the first half of the year, net profit attributable to shareholders reached RMB 37.602 billion, up 3.08% year on year. Operating revenue totaled RMB 109.408 billion, an increase of 3.05%. Basic earnings per share stood at RMB 0.63. Under the interim profit distribution plan, the bank will pay a cash dividend of RMB 2.03 per 10 shares (pre-tax).

In terms of operating income, net interest income for the first half amounted to RMB 73.149 billion, up 2.74% year on year, while non-interest net income reached RMB 36.259 billion, up 3.69%. As of end-June, total assets stood at RMB 10.383839 trillion, up 2.5% from end-2025. Loans and advances to customers totaled RMB 6.008641 trillion, up 2.5% from end-2025, and customer deposits reached RMB 6.279880 trillion, up 3.81% from end-2025.

On asset quality, non-performing loans (NPL) amounted to RMB 68.946 billion as of end-June, an increase of RMB 1.730 billion, or 2.57%, from end-2025. The NPL ratio was 1.15%, unchanged from end-2025. The provision coverage ratio stood at 203.12%, down 0.49 percentage points from end-2025. The core tier-1 capital adequacy ratio was 9.37%, down 0.11 percentage points from end-2025; the tier-1 capital adequacy ratio was 10.98%, up 0.08 percentage points; and the total capital adequacy ratio was 12.81%, up 0.01 percentage points.

On the loan structure, corporate loans (excluding bill discounting) reached RMB 3.507803 trillion as of end-June, up RMB 214.598 billion, or 6.52%, from end-2025. Personal loans totaled RMB 2.330649 trillion, down RMB 36.149 billion, or 1.53%. Bill discounting stood at RMB 170.189 billion, down RMB 31.980 billion, or 15.82%. Residential mortgage loans amounted to RMB 1.088005 trillion, up RMB 334 million from end-2025.

In real estate financing, the balance of corporate real estate financing with credit risk was RMB 353.140 billion as of end-June, down RMB 27.385 billion from end-2025. Of this, corporate real estate loans stood at RMB 278.223 billion, down RMB 19.230 billion from end-2025, accounting for 7.93% of corporate loans, down 1.10 percentage points from end-2025. Corporate real estate financing without credit risk totaled RMB 82.969 billion, down RMB 14.189 billion from end-2025.

On deposits, the recovery of capital markets prompted individual customers to adjust their asset allocation, slowing deposit growth. As of end-June, personal deposits reached RMB 1.666720 trillion, up RMB 84.699 billion, or 5.35%, from end-2025. The net interest margin was 1.62%, down 1 basis point year on year but up 1 basis point from the first quarter. The interim report noted that on the asset side, yields continued to decline due to insufficient effective credit demand and intense market competition; on the liability side, the bank actively strengthened cost control by optimizing the liability structure, improving liability quality, and seizing market opportunities, driving funding costs lower.