Minsheng Bank 2026 Interim Net Profit Falls 8.62% on Higher Credit Impairment
Minsheng Bank reported 2026 first-half revenue of RMB 75.17 billion, up 3.84% year on year, while net profit attributable to shareholders fell 8.62% to RMB 19.54 billion, driven by increased credit impairment losses from intensified non-performing asset disposal. Net interest income rose 6.87% to RMB 52.58 billion. Total assets stood at RMB 7.79 trillion, down 0.49% from end-2025, with a non-performing loan ratio of 1.47% and provision coverage of 142.19%.
Minsheng Bank released its 2026 interim report on the evening of August 28, showing operating revenue of RMB 75.17 billion for the first half of 2026, an increase of RMB 2.78 billion or 3.84% year on year. Net profit attributable to shareholders was RMB 19.54 billion, down RMB 1.84 billion or 8.62% from a year earlier. The decline in net profit was mainly due to intensified disposal of non-performing assets, which led to higher credit impairment losses.
In the first half of 2026, Minsheng Bank recorded net interest income of RMB 52.58 billion, up RMB 3.38 billion or 6.87% year on year. Net fee and commission income was RMB 9.81 billion, an increase of RMB 124 million or 1.28%.
As of end-June, total assets stood at RMB 7.79 trillion, down RMB 38.04 billion or 0.49% from end-2025. Total liabilities were RMB 7.08 trillion, down RMB 52.39 billion or 0.73%. General loans reached RMB 4.38 trillion, up RMB 71.18 billion or 1.65% from end-2025, accounting for 56.14% of total assets, an increase of 1.19 percentage points. Customer deposits totaled RMB 4.39 trillion, up RMB 115.32 billion or 2.7%, representing 62.07% of total liabilities, up 2.08 percentage points. Personal deposits rose by RMB 51.68 billion from end-2025, with their share increasing by 0.33 percentage points.
Corporate loans (including bill discounting) amounted to RMB 2.91 trillion, up RMB 155.20 billion from end-2025, accounting for 64.46% of total loans, an increase of 2.35 percentage points. Personal loans totaled RMB 1.60 trillion, down RMB 75.81 billion, representing 35.54% of total loans, a decrease of 2.35 percentage points.
On asset quality, non-performing loans totaled RMB 66.32 billion as of end-June, up RMB 169 million from end-2025. The non-performing loan ratio was 1.47%, down 0.02 percentage points, while the provision coverage ratio stood at 142.19%, up 0.15 percentage points. Corporate non-performing loans (including bill discounting) were RMB 34.10 billion, up RMB 97 million, with a ratio of 1.17%, down 0.07 percentage points. Personal non-performing loans were RMB 32.23 billion, up RMB 72 million, with a ratio of 2.01%, up 0.09 percentage points. The net interest margin was 1.47%, up 0.08 percentage points year on year.