At the 2026 interim results conference held on August 28, the president of Industrial Bank Co.,Ltd. (SH: 601166) outlined the bank's operational achievements over the past six months. Describing the institution as a systemically important national bank with assets surpassing ten trillion yuan, the president emphasized its commitment to supporting economic transformation and adhering to the central economic work conference's directive of pursuing stability while advancing reforms and enhancing quality. He detailed the bank's performance across four key dimensions: stability, progress, quality, and efficiency.
The first pillar, stability, is reflected in the bank's overall sound operations. Total assets grew steadily to 11.46 trillion yuan, a 3.31% increase from the start of the year, with an optimized structure. Liabilities also achieved targets of stable scale and reduced costs, with deposits reaching 6.23 trillion yuan by the end of June, up 5.03% from the beginning of the year. Furthermore, the revenue mix improved, as fee and commission income climbed 8.6% year-on-year, lifting its share of total revenue from 11.84% to 12.89%.
Progress marks the second pillar, driven by strategic alignment with broader economic trends. The bank accelerated its transformation, making notable strides in several key areas. It expanded into new frontiers within modern industrial finance, refined its integrated business model encompassing investment banking, asset management, and wealth management, and bolstered its international services to better support enterprises venturing overseas.
Quality stands as the third pillar, underscored by a prudent and cautious approach. Newly incurred non-performing assets shrank by 3.6 billion yuan in the first half compared to the same period last year. By the end of June, the non-performing loan ratio held steady at 1.08%, unchanged from the start of the year.
Efficiency, the fourth pillar, highlights the bank's integration into the latest wave of technological revolution. Digital empowerment has yielded tangible results, with digital dividends increasingly materializing. As of the end of June, the bank had developed and deployed 345 intelligent agents across risk management, marketing, customer service, and operations, fostering an environment where staff are increasingly equipped and encouraged to learn, understand, and utilize AI technologies.
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