ICBC (01398) has released its interim results for the six months ended June 30, 2026, showing steady growth across key financial metrics.

The banking group recorded net interest income of 341.237 billion yuan, an increase of 8.82% year-on-year. Total operating revenue reached 446.163 billion yuan, up 9.06%, while net profit attributable to shareholders of the parent company amounted to 173.682 billion yuan, representing a 3.32% increase from the corresponding period last year. Basic earnings per share stood at 0.47 yuan.

During the first half of 2026, the bank adhered to Party leadership and the five-pronged transformation strategy, actively fulfilling its political and people-oriented responsibilities in financial work. As the first half of the "15th Five-Year Plan" period got off to a solid start, the bank maintained a stable and progressive operational trajectory.

The group achieved a net profit of 176.475 billion yuan for the first half, a year-on-year increase of 4.5%. The annualized average return on total assets was 0.64%, while the annualized weighted average return on equity reached 8.63%.

Breaking down the revenue structure, net interest income grew 8.8% to 341.237 billion yuan, while non-interest income rose 9.9% to 104.926 billion yuan. Operating expenses increased 2.6% to 111.379 billion yuan, bringing the cost-to-income ratio to 23.70%. The group made an impairment loss provision of 127.756 billion yuan, up 22.2%, and income tax expenses totaled 33.535 billion yuan, an increase of 11.0%.

In terms of interest income dynamics, net interest income expanded by 27.661 billion yuan, or 8.8%, during the reporting period. Interest income decreased 1.9% to 660.777 billion yuan, while interest expenses fell 11.2% to 319.540 billion yuan. Benefiting from improved liability costs and an optimized asset-liability structure, the annualized net interest margin stood at 1.17%, up 1 basis point year-on-year, while the annualized net interest yield was 1.29%, down 1 basis point from the previous year.

Fee and commission income reached 76.591 billion yuan in the first half, an increase of 2.429 billion yuan, or 3.3%, compared to the same period last year. Revenue from corporate wealth management business and personal wealth management & private banking services increased by 1.697 billion yuan and 1.467 billion yuan respectively, primarily driven by higher income from precious metals agency services, fund distribution, and wealth management product sales amid favorable market opportunities. Other income grew by 646 million yuan, supported by robust growth in the pension business. However, bank card business revenue declined due to changes in the external market environment, and a proactive reduction in guarantee and commitment fee rates led to lower related product income.