Ping An Bank Posts Solid Q1 2026: Revenue Up 4.7%, Net Profit Reaches RMB 14.52 Billion

Ping An Bank Co., Ltd. released its unaudited first-quarter 2026 results, delivering steady top- and bottom-line growth.

Revenue and Profitability • Operating income rose 4.7% year-on-year to RMB 35.28 billion. • Net profit attributable to shareholders increased 3.0% to RMB 14.52 billion, translating into basic earnings per share of RMB 0.67. • Net interest margin slipped 4 bp to 1.79%, while net non-interest income ratio improved 5.01 ppts to 37.41%.

Balance-Sheet Expansion • Total assets expanded 1.8% from end-2025 to RMB 6,033.96 billion. • Customer deposits grew 3.3% to RMB 3,702.15 billion, driven by a 3.5% rise in personal deposits and a 3.3% lift in corporate deposits. • Total loans and advances increased 2.2% to RMB 3,464.57 billion, with corporate lending up 4.1% and general corporate loans up 5.4%. Personal loans edged 0.4% higher. • Average deposit cost fell 40 bp year-on-year to 1.41%; average liability cost declined 39 bp to 1.45%.

Asset Quality • Non-performing loan ratio held steady at 1.05%. • Provision coverage ratio stood at 219.59%, and provision-to-loan ratio at 2.31%. • Loans overdue more than 90 days covered 72% of NPLs, indicating conservative classification.

Capital & Liquidity • Core Tier 1 capital adequacy ratio improved 15 bp from year-end to 9.51%; total capital adequacy ratio was 13.46%. • Liquidity coverage ratio was 134.51%, above regulatory minimum. • Redemption of RMB 20 billion preference shares in March reduced other equity instruments to RMB 80 billion.

Business Highlights Retail Banking: Personal deposits rose, while retail AUM reached RMB 4,287.99 billion, up 1.2% from year-end. Mortgage loans comprised 62.7% of the personal loan book; credit card in-force cards totaled 43.13 million with Q1 spend of RMB 484.39 billion.

Corporate Banking: Loan book expanded to RMB 1,730.96 billion, supported by targeted growth in manufacturing, technology and green sectors. Strategic head-office customers numbered 226, with loans up 14.0% versus year-end on a comparable basis.

Interbank & Markets: Cash bond trading volume with domestic and offshore institutions reached RMB 2.16 trillion; assets under custody stood at RMB 4.95 trillion.

Risk & Sustainability: Green loan balance rose 1.9% to RMB 271.52 billion; inclusive finance loans to small and micro enterprises totaled RMB 485.33 billion.

Cash Flow Net cash inflow from operating activities was RMB 37.80 billion. Investing activities used RMB 53.52 billion, while financing activities recorded an outflow of RMB 35.63 billion, reflecting preference share redemption and debt repayments.

Overall, Ping An Bank maintained growth momentum, strengthened funding structure and preserved asset quality in the opening quarter of its 2026 fiscal year.