Qilu Bank H1 2026 Net Profit Up 16.06% to RMB 3.17 Billion
Qilu Bank reported a 16.06% year-on-year increase in net profit attributable to shareholders for the first half of 2026, reaching RMB 3.174 billion. Operating income rose 10.55% to RMB 7.497 billion, driven by a 14.96% growth in net interest income. Total assets grew 8.15% from end-2025 to RMB 869.955 billion, while the non-performing loan ratio improved to 0.98%.
Qilu Bank released its interim report for the first half of 2026, showing operating income of RMB 7.497 billion, up 10.55% year on year, and net profit attributable to shareholders of the listed company at RMB 3.174 billion, up 16.06%.
In terms of income structure, net interest income reached RMB 5.732 billion, up 14.96%; net fee and commission income was RMB 819 million, up 0.29%; and other non-interest income totaled RMB 946 million, down 3.34%. The net interest margin for the period stood at 1.48%, down 5 basis points from end-2025, while the net interest spread was 1.44%, down 3 basis points.
As of end-June, Qilu Bank's total assets amounted to RMB 869.955 billion, up 8.15% from end-2025. Total loans reached RMB 426.568 billion, up 11.42%. Within this, corporate loans grew 17.28% to RMB 339.555 billion, while retail loans fell 4.44% to RMB 74.784 billion and bill discounting declined 18.69% to RMB 12.228 billion. Total deposits rose 10.40% to RMB 540.433 billion, with corporate deposits up 13.02% to RMB 266.712 billion and retail deposits up 7.96% to RMB 273.720 billion.
On asset quality, the non-performing loan (NPL) ratio was 0.98% at end-June, down 0.07 percentage points from end-2025. The ratio of special-mention loans fell 0.07 percentage points to 0.79%, while the provision coverage ratio improved 2.99 percentage points to 358.90%. The NPL ratio for retail loans rose 0.41 percentage points to 2.69%, which the bank attributed to macroeconomic pressures that weakened repayment capacity and increased default risk for some individual borrowers. In contrast, the corporate loan NPL ratio declined 0.14 percentage points to 0.63% over the same period.