On August 28, China Construction Bank (CCB) released its interim results for the first half of 2026, with the group posting operating income of RMB 426.333 billion, a year-on-year increase of 10.48% under International Financial Reporting Standards on an unaudited group basis. Net profit reached RMB 171.677 billion, up 5.56% from a year earlier, while profit attributable to shareholders of the bank stood at RMB 169.564 billion, representing a 4.62% increase.
In terms of earnings composition, CCB's net interest income for the first half totaled RMB 310.958 billion, an increase of RMB 24.249 billion or 8.46% compared to the same period last year, accounting for 72.94% of operating income. Non-interest income reached RMB 115.375 billion, up 16.31% year-on-year.
Within this segment, net fee and commission income was RMB 64.289 billion, down 1.42% from a year earlier. However, gains from investment securities and income from derecognition of financial assets measured at amortized cost drove other non-interest income to RMB 51.086 billion, reflecting a substantial 50.35% jump.
Regarding profitability and cost efficiency, the bank's net interest margin (NIM) came in at 1.37% for the first half, up 3 basis points from the full year 2025 and 1 basis point from the first quarter of this year, maintaining a steady recovery trajectory. The annualized return on average assets stood at 0.74%, while the annualized weighted average return on equity was 9.52%.
The lender also continued to strengthen cost controls, with the cost-to-income ratio dropping to 22.17% in the first half, a decline of 1.55 percentage points compared to the same period last year.
On the balance sheet and credit front, total assets reached RMB 47.33 trillion as of the end of June, up 3.72% from the end of the previous year. Loans and advances to customers grew to RMB 29.34 trillion, an increase of 5.65% over that period. Corporate loans rose 6.86% to RMB 17.60 trillion, while retail loans totaled RMB 9.19 trillion, with consumer loans expanding by 14.59% and residential mortgages declining by 2.23% from the end of last year.
Focusing on key sectors, lending to manufacturing surged by 17.95%, and loans to private enterprises increased by 9.42%.
On asset quality and capital adequacy, the non-performing loan ratio was 1.29% at the reporting period end, down 0.02 percentage points from the end of the previous year. The provision coverage ratio improved to 238.69%, rising 5.54 percentage points, while the capital adequacy ratio and core tier-1 capital adequacy ratio were 19.42% and 14.24%, respectively.
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