Suzhou Bank H1 Revenue Up 13.08%, Net Profit Rises 8.51%
Suzhou Bank reported first-half 2026 revenue of RMB 7.354 billion, up 13.08% year on year, and net profit attributable to shareholders of RMB 3.401 billion, up 8.51%. Net interest income grew 23.90% to RMB 5.281 billion, while fee and commission income fell 8.08%. Total assets reached RMB 875.726 billion, up 10.93% from end-2025. The non-performing loan ratio improved to 0.81%, with a provision coverage ratio of 381.79%.
Suzhou Bank disclosed its 2026 interim report. For the first half of 2026, the bank recorded operating revenue of RMB 7.354 billion, up 13.08% year on year, and net profit attributable to shareholders of RMB 3.401 billion, up 8.51%.
In terms of income structure, net interest income was RMB 5.281 billion, up 23.90% year on year, accounting for 71.81% of operating revenue. Net fee and commission income was RMB 675 million, down 8.08% year on year. Investment income was RMB 1.206 billion, down 7.32% year on year. Net interest margin and net interest spread both stood at 1.40%, up 0.07 percentage points from the same period in 2025.
As of end-June 2026, Suzhou Bank's total assets reached RMB 875.726 billion, up 10.93% from end-2025. Total loans outstanding were RMB 417.131 billion, up 11.70% from end-2025. Corporate loans rose 16.01% to RMB 336.022 billion, while retail loans fell 3.18% to RMB 81.109 billion. Deposits totaled RMB 537.261 billion, up 11.50% from end-2025, with corporate deposits up 16.23% to RMB 242.252 billion and retail deposits up 8.75% to RMB 285.098 billion.
In the first half of 2026, the average cost of interest-bearing liabilities was 1.54%, down 0.36 percentage points from the same period in 2025, including a 0.34 percentage point decline in the deposit cost rate. The average yield on interest-earning assets was 2.94%, down 0.29 percentage points year on year. As of end-June, the non-performing loan ratio was 0.81%, down 0.01 percentage points from the start of the year, and the provision coverage ratio was 381.79%. Credit impairment losses of RMB 955 million were recognized in the first half, up 67.28% year on year.
By industry, leasing and commercial services loans accounted for 24.29% of total loans, manufacturing 16.35%, construction 8.68%, and real estate 8.20%. The manufacturing NPL ratio was 1.36%, up 0.07 percentage points from the start of the year, while the real estate NPL ratio rose from 0.22% to 0.98%.