China Merchants Bank announced its financial results for the first quarter of 2026. The group achieved an operating revenue of 869.40 billion yuan, representing a year-on-year increase of 3.81%. Net profit attributable to the bank's shareholders reached 37.852 billion yuan, up 1.52% compared to the same period last year. Net interest income stood at 556.42 billion yuan, growing by 4.99%, while non-interest net income amounted to 312.98 billion yuan, marking a 1.77% increase.
The annualized average return on total assets (ROAA) and the annualized average return on average equity (ROAE) attributable to the bank's ordinary shareholders were 1.14% and 13.48%, respectively. These figures reflect a decrease of 0.07 percentage points and 0.65 percentage points from the previous year.
As of the end of the reporting period, the group's total assets reached 13.484882 trillion yuan, an increase of 3.17% from the end of the previous year. Total loans and advances amounted to 7.464373 trillion yuan, rising by 2.84%. Total liabilities were 12.194297 trillion yuan, up 3.43%, while total customer deposits grew by 1.25% to 9.959197 trillion yuan.
The balance of non-performing loans was 69.858 billion yuan, an increase of 1.652 billion yuan from the end of the prior year. The non-performing loan ratio remained stable at 0.94%. The provision coverage ratio was 387.76%, down 4.03 percentage points, and the loan provision ratio decreased by 0.05 percentage points to 3.63%.
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