CITIC Bank held its 2026 third-quarter earnings briefing today, according to a financial news report dated November 3.
Vice President Zhao Yuanxin stated that since the start of the third quarter, CITIC BANK has actively responded to market changes, adhered to the main theme of high-quality development, and pursued progress amid difficulties while striving for success. Overall, all business segments have maintained positive momentum and continued the characteristics of balanced, steady, and sustainable operational development. Zhao Yuanxin summarized the performance in the following three aspects.
Steady growth in operating efficiency
First, both profit and revenue achieved growth. In the first three quarters, net profit attributable to shareholders of the bank reached 55.293 billion yuan, up 3.56% year on year. Operating income reached 162.641 billion yuan, up 3.33% year on year. Compared with the first half of the year, both revenue and profit growth rates accelerated in the third quarter. Second, in terms of income structure, interest income and non-interest income advanced in tandem. Net interest income in the first three quarters reached 109.4501 billion yuan, up 1.62% year on year. The net interest margin was 1.60%, down 3 basis points year on year, but significantly narrowed compared with the same period last year. Non-interest income reached 53.191 billion yuan, up 7.02% year on year. Third, while effectively supporting obligatory development, the bank deepened cost reduction and efficiency enhancement, with operating expenses and the cost-to-income ratio continuing to decline.
Overall stable asset quality
At the end of September, the non-performing loan ratio stood at 1.15%, flat compared with the end of the previous year. The provision coverage ratio was 201.94%, remaining at a reasonable level.
Steady growth in asset and liability scale
At the end of September, total assets reached 10.38 trillion yuan, up 2.45% from the end of the previous year. Alongside scale growth, the structure of major asset categories continued to optimize. Total liabilities stood at 9.48 trillion yuan, up 2.08% from the end of the previous year. Total customer deposits reached 6.36 trillion yuan, up 5.06%, accounting for 67.07% of total liabilities, an increase of 1.9 percentage points. Corporate deposits and personal deposits grew by 4.97% and 45.29% respectively.
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