Minsheng Bank (01988) announced its financial results for the first quarter of 2026. During the period, the group's operating revenue reached 37.822 billion yuan, an increase of 1.009 billion yuan compared to the same period last year, representing a growth of 2.74%. Net interest income amounted to 25.571 billion yuan, rising by 705 million yuan year-on-year, an increase of 2.84%. This was primarily driven by an 82.761 billion yuan growth in the average daily balance of interest-earning assets, coupled with a decline in the liability cost ratio, which led to a 2 basis point improvement in the net interest margin.
For the reporting period, the group's net fee and commission income was 5.217 billion yuan, an increase of 290 million yuan compared to the same period last year, up 5.89%. Within this, income from agency business, settlement, and clearing fees increased by 480 million yuan and 297 million yuan year-on-year, representing growth rates of 47.20% and 50.34%, respectively.
Concurrently, the group intensified its efforts to dispose of non-performing assets. The net profit attributable to the bank's shareholders for the period was 11.514 billion yuan, a decrease of 1.228 billion yuan from the prior year, reflecting a decline of 9.64%.
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