Agricultural Bank of China Limited (ABC) has released its interim results for the six months ended June 30, 2026. The group achieved operating income of RMB 411.122 billion, marking an 11.18% year-on-year increase. Net interest income reached RMB 312.244 billion, up 10.54%, while net profit attributable to shareholders of the parent company rose to RMB 146.381 billion, a gain of 4.93%. Basic earnings per share stood at RMB 0.40, reflecting a continued trend of stable and improving business performance.
The bank's operational efficiency has continued to improve, with growth rates for both operating income and net profit accelerating compared to the first quarter, up by 0.7 and 1.0 percentage points respectively. Net profit reached RMB 148.1 billion, up 5.8%, and the net interest margin improved to 1.28%, an increase of 2 basis points from the first quarter.
Total financing increments exceeded RMB 3 trillion. Loans increased by RMB 1.69 trillion, a growth rate of 6.2%, bringing the total to RMB 28.82 trillion. Bonds grew by RMB 1.52 trillion, up 9.6%, reaching RMB 17.37 trillion. Including both loans and bonds, the broad financing increment amounted to RMB 3.2 trillion.
Deposits maintained a high-quality growth trajectory. Total customer deposits reached RMB 40.86 trillion, a rise of RMB 2.18 trillion. The RMB and foreign currency deposit deviation ratio improved by 0.36 percentage points year-on-year, remaining below 3% for nine consecutive quarters, a record unmatched among comparable peers.
Asset quality remained robust. The non-performing loan (NPL) ratio stood at 1.25%, a decrease of 2 basis points from the end of the prior year. The overdue-to-NPL gap has been negative for 24 consecutive quarters. Loan loss reserves totaled RMB 1.0433 trillion, with a provision coverage ratio of 290.10%, the highest among comparable banks, ensuring a solid buffer against risks.
The bank continued to solidify its primary role in serving agriculture, rural areas, and farmers. Aligned with the pace of agricultural and rural modernization, it intensified efforts to support farming. County-area loan balances reached RMB 11.9 trillion, an increase of RMB 981.5 billion, up 9.0%, with their share of domestic loans rising further to 41.9%.
Service coverage has expanded and deepened. Monthly active users of county mobile banking surpassed 132 million, growing 2.6%, enhancing online service reach in rural areas. Through the "ABC Hui Nong Yun" platform, the bank developed a comprehensive smart scenario system for agriculture, with 445,000 institutions onboarded, covering 2,703 counties and districts.
Credit support in key sectors was further strengthened. Loan balances for grain and key agricultural product supply assurance, rural industry, and rural construction grew by 20.3%, 18.1%, and 7.0% to RMB 1.45 trillion, RMB 3.15 trillion, and RMB 2.64 trillion respectively, outpacing the bank's overall growth by 14.1, 11.9, and 0.8 percentage points.
The quality and efficiency of services to the real economy continued to improve. The bank led in supporting domestic demand expansion, aligning with policies to boost consumption. Personal consumption loans, including credit cards, rose to RMB 1.50 trillion, an increase of RMB 49.054 billion, with incremental growth ranking first among comparable peers.
The technology finance service system has been continuously enhanced. Providing high-quality financial services to support the nation's technological advancement, loans to tech enterprises and small and medium-sized tech firms grew by 24% and 29% respectively. The bank systematically advanced AIC equity investment pilots, establishing 31 pilot funds that invested in 66 tech innovation projects.
Green finance service models are diversifying. Focusing on building a beautiful China, the bank accelerated innovation in products and service models, with green loan balances reaching RMB 6.53 trillion, up 10.4%.
Inclusive finance continues to strengthen its sustainable development capacity. Inclusive loan balances reached RMB 4.88 trillion, a rise of RMB 532.4 billion, with both total and incremental balances ranking first among comparable peers. Support for the private economy intensified, with loans to private enterprises growing by RMB 636.3 billion to RMB 8.20 trillion.
Elderly care finance services have improved further. The bank continued to promote coverage across the "three pillars" of the pension system. Physical social security card users reached 284 million, while pension entrusted management assets hit RMB 438.6 billion, up 13.0%. The number of personal pension service customers grew 14.3% from the end of last year, with contribution amounts up 36.7%, keeping it among the industry's leaders.
The customer base and development momentum continue to expand. A tiered customer service system is improving, with a customer-centric approach and digital intelligence empowerment enhancing service experiences. Personal customers reached 905 million, maintaining the top spot in the industry, with personal customer AUM hitting RMB 25.7 trillion.
Wealth management standards have advanced. Net-value wealth management product balances reached RMB 1.99 trillion, ranking among the industry's forefront. Smart banking has shown new achievements with personal mobile banking customers at 629 million and monthly active users surpassing 282 million, while total mobile active users reached 295 million, leading the industry.
The bank launched the enterprise-level AI digital assistant "Yi Ming," embedding AI capabilities across customer service, business management, and daily office processes, effectively boosting digitalization. Security and development resilience have been further enhanced, with prudent operational strategies, emphasis on preventing and mitigating financial risks, and technology empowerment sharpening capabilities for proactive risk prevention and precise resolution. Asset quality remained stable, with responses to external risk impacts and new challenges safeguarding the bottom line of quality development, ensuring all risks are controllable. Market risk management systems were refined with annual policies for financial market and interbank business, strengthening market risk controls. The bank closely tracked and assessed market changes, optimizing business strategies with enhanced interest rate risk management, keeping related indicators stable. The IT infrastructure remained secure and stable, with distributed core systems handling an average daily transaction volume of 1.96 billion during working days, a 17% year-on-year increase, and a 100% availability rate for core systems.
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