Shenzhen, China — October 23, 2026. Ping An Bank Co.,Ltd. (SZSE: 000001) today submitted its 2026 third-quarter performance report to the Shenzhen Stock Exchange.
For the January-September 2026 period, Ping An Bank Co.,Ltd. adhered to its strategic goal of becoming "China's most outstanding and globally leading intelligent retail bank," upheld the strategic principle of "strengthening retail, refining corporate, and specializing interbank," continued to upgrade its operating strategies across retail, corporate, and treasury/interbank businesses, continuously strengthened risk management, and deepened digital transformation, maintaining steady overall business operations.
Key operating performance highlights:
Business operations remained steady, with revenue and profit growing year-on-year. For January-September, the Group achieved operating revenue of RMB 103.1 billion, up 2.4% year-on-year, and net profit of RMB 39.186 billion, up 2.2% year-on-year. Net interest income grew 0.3% year-on-year, with a net interest margin of 1.80%, up 1 basis point from the same period last year and up 2 basis points from the full year last year. Non-interest net income grew 6.5% year-on-year, accounting for 35.25% of total revenue, up 1.36 percentage points year-on-year, mainly driven by year-on-year growth in non-interest net income from wealth management and bond investment businesses. The bank drove cost reduction and efficiency enhancement through digital transformation, achieving a cost-to-income ratio of 27.01%, down 0.46 percentage points year-on-year.
Asset structure continued to be optimized, promoting a balance among "volume, price, and risk." As of end-September, total assets stood at RMB 5,952.354 billion, up 0.4% from the end of the previous year; total loans and advances to customers amounted to RMB 3,431.480 billion, up 1.2% from the end of the previous year. The bank continued to increase support for the real economy, with corporate loan balances up 2.7% from the end of the previous year. It continued to optimize the retail asset portfolio and increase the proportion of high-quality customers, with personal loan balances essentially flat compared to the end of the previous year. The combined balance of key products "Cheng e Dai" and "Cheng Ye Dai" reached RMB 58.690 billion, an increase of RMB 28.647 billion from the end of the previous year, with mortgage-backed loans accounting for 61.8% of personal loans.
Deposit scale grew steadily, and interest payment rates continued to optimize. As of end-September, total liabilities stood at RMB 5,395.653 billion, up 0.4% from the end of the previous year; deposit balances amounted to RMB 3,692.327 billion, up 3.1% from the end of the previous year. The bank strengthened the absorption of low-cost deposits and reduced overall liability costs. For January-September, the average interest payment rate on interest-bearing liabilities was 1.39%, down 34 basis points from the same period last year and down 28 basis points from the full year last year; the average interest payment rate on deposits was 1.35%, down 35 basis points from the same period last year and down 30 basis points from the full year last year.
Comprehensive risk management was strengthened, and asset quality remained broadly stable. Ping An Bank Co.,Ltd. actively responded to changes in the macroeconomic environment, strengthened risk control, and continued to optimize its asset and customer portfolio structure. As of end-September, the non-performing loan ratio was 1.05%, flat compared to the end of the previous year; the deviation rates for loans overdue by more than 60 days and more than 90 days were 0.98 and 0.83, respectively; the provision coverage ratio was 214.75%, maintaining solid risk-buffering capacity.
Refined capital management was practiced, and the core tier-1 capital adequacy ratio improved. The bank continued to strengthen endogenous capital accumulation and enhance refined capital management. As of end-September, the core tier-1 capital adequacy ratio was 9.61%, up 0.25 percentage points from the end of the previous year.
Business Strategy Transformation Advanced with Core Segments Developing in Coordination
Retail Business
Ping An Bank Co.,Ltd. remained unwavering in its retail strategic positioning, deepened its retail strategic transformation, and centered on customers to build a distinctive retail bank. Guided by the operating goal of "prioritizing efficiency while accommodating scale," it promoted high-quality and sustainable development of its retail business.
Wealth management business: Ping An Bank Co.,Ltd. adhered to a customer-centric approach, and on the basis of meeting customers' deposit and loan needs, built a wealth management service system covering different customer groups by providing diversified investment and wealth management products, rights, and services. As of end-September, the number of retail customers was 130.2789 million, up 1.9% from the end of the previous year; retail assets under management (AUM) reached RMB 4,392.327 billion, up 3.6% from the end of the previous year; personal deposit balances were RMB 1,305.614 billion, up 1.4% from the end of the previous year. For January-September, the average daily balance of personal deposits was RMB 1,294.190 billion, of which the average daily balance of personal demand deposits grew 7.8% year-on-year; the average interest payment rate on personal deposits was 1.48%, down 39 basis points from the same period last year. As of end-September, the number of wealth customers was 1.5365 million, up 3.0% from the end of the previous year, including 112,000 private banking customers, up 6.1% from the end of the previous year; private banking customer AUM stood at RMB 2,095.182 billion, up 5.2% from the end of the previous year.
Loan business: In response to changes in the external operating environment, the bank actively responded to the national policy direction on financial support for boosting and expanding consumption, fully implemented the fiscal interest subsidy policy for personal consumer loans, reduced consumer credit costs for residents, and continued to optimize the loan business structure to solidify the foundation for healthy medium- and long-term business development. As of end-September, personal loan balances were RMB 1,722.454 billion, down 0.3% from the end of the previous year. Housing mortgage loan balances were RMB 365.793 billion, up 3.0% from the end of the previous year; the number of active credit card users was 42.561 million, and total credit card spending for January-September was RMB 1,424.250 billion. As of end-September, auto finance loan balances were RMB 310.619 billion, up 1.9% from the end of the previous year, of which personal new energy vehicle loan balances were RMB 132.809 billion, up 11.8% from the end of the previous year.
Digital platform and integrated financial platform: The bank focused on enhancing digital and intelligent operations, strengthening omnichannel coordination, improving the digital customer operations system, and driving improvements in customer experience and activity. As of end-September, the number of registered users on the Ping An Pocket Bank APP was 188.9296 million, up 3.7% from the end of the previous year, with 36.9473 million monthly active users (MAU). For January-September, integrated finance contributed 51.2% of new wealth customers, 50.1% of newly acquired AUM, and 16.3% of new credit card accounts.
Corporate Business
The corporate business focused on "refining industries, refining customers, and refining products," with key efforts in industrial finance, technology finance, supply chain finance, cross-border finance, and inclusive finance, continuously increasing support for the real economy. As of end-September, corporate loan balances were RMB 1,709.026 billion, up 2.7% from the end of the previous year; corporate deposit balances were RMB 2,386.713 billion, up 4.0% from the end of the previous year. For January-September, the average interest payment rate on corporate deposits was 1.28%, down 33 basis points from the same period last year. The bank focused on developing low-cost liability sources, continuously optimized deposit structure and costs, and promoted high-quality deposit growth.
Refining industries: The bank continued to deepen industry-oriented operations, selecting key segmented industries such as public utilities, digital industries, manufacturing, healthcare, energy, and automotive around the optimization and upgrading of traditional industries and the cultivation and growth of emerging industries, optimizing market, product, and risk strategies, and providing customized industry service solutions to form differentiated competitive advantages. As of end-September, loan balances in the aforementioned key segmented industries increased by RMB 54.673 billion from the end of the previous year.
Refining customers: Adapting to the trend of integrated, ecosystem-oriented, and unified corporate customer operations, and responding to changes in the market environment and customer needs, the bank strengthened its customer-centric operating philosophy, established a tiered customer management system covering strategic customers, medium-sized customers, and small customers, and enhanced the expansion of customer groups in key areas such as institutional clients and technology enterprises to refine customer management. As of end-September, the number of corporate customers was 1,041,400, up 7.8% from the end of the previous year; the number of head-office-level strategic customers was 226, with loan balances to head-office-level strategic customers reaching RMB 400.931 billion, up 7.5% from the end of the previous year; deposit balances from head-office-level strategic customers were RMB 515.956 billion, up 7.1% from the end of the previous year. The bank cumulatively obtained 1,380 business qualifications in fiscal and social security, housing provident fund, and maintenance funds, with institutional customer deposit balances of RMB 423.971 billion, up 3.8% from the end of the previous year; the number of technology enterprise customers was 33,000.
Refining products: Centering on core customer groups and deeply engaging in industry scenarios, the bank leveraged "finance plus technology" capabilities to strengthen industry-specific, differentiated, and integrated product portfolios, optimize financial service experience, and enhance comprehensive customer service capabilities. As of end-September, the Digital Finance Platform had 6,346 signed group customers, up 43.9% from the end of the previous year. For January-September, domestic supply chain finance financing volume reached RMB 1,183.951 billion; cross-border trade financing volume was RMB 268.424 billion, up 14.3% year-on-year. As of end-September, merger and acquisition and syndicated loan balances were RMB 236.446 billion, up 6.6% from the end of the previous year.
Treasury and Interbank Business
Ping An Bank Co.,Ltd.'s treasury and interbank business followed the national financial market development strategy and firmly implemented the operating philosophy of "serving interbank customers, serving financial markets, and serving the real economy." Through the dual-wheel drive of "investment trading plus customer business," it continuously enhanced its three core capabilities of investment, trading, and sales, cultivated new momentum in financial services, and improved market competitiveness.
Investment and trading: The bank closely monitored domestic and international market changes. On one hand, it strengthened multi-product and cross-market asset allocation, appropriately adjusted position structures while adhering to prudent investment, and enhanced the stability of investment returns. On the other hand, it fully leveraged the advantages of refined trading strategies and agile trade execution to flexibly capture structural trading opportunities in the market. Customer business: Centering on national strategic deployments for activating the capital market and financial services for the real economy, the bank fully promoted distinctive trading services, supported high-quality development of financial markets, and actively made efforts in institutional sales, asset custody, and corporate hedging. As of end-September, the number of effectively cooperating interbank institutional customers was 1,914; the number of registered users on the "Xing e Tong" platform was 2,808. As of end-September, assets under custody for asset management products reached RMB 4.99 trillion. For January-September, 16,221 customers conducted foreign exchange spot and derivative hedging transactions at Ping An Bank Co.,Ltd., up 9.0% year-on-year.
Advancing Sustainable Development Concepts and Actively Fulfilling Social Responsibility
Serving the real economy: Ping An Bank Co.,Ltd. actively implemented various regulatory requirements, strengthened organizational leadership, increased resource support, accelerated business deployment, and actively practiced the "five major articles" of finance through concrete actions, continuously increasing support for the real economy and supporting the high-quality development of inclusive finance, manufacturing, and technology enterprises. As of end-September, the number of inclusive-type small and micro enterprise loans was 859,400, with inclusive-type small and micro enterprise loan balances of RMB 469.360 billion. For January-September, newly issued inclusive-type small and micro enterprise loans totaled RMB 231.232 billion, up 8.6% year-on-year, with the non-performing loan ratio kept within a reasonable range. As of end-September, manufacturing loan balances were RMB 237.975 billion, up 4.2% from the end of the previous year.
Pension finance: The bank actively implemented the spirit of the Central Financial Work Conference, laid out a diversified pension finance product matrix, and built a systematic pension service solution to comprehensively enhance customers' sense of gain and satisfaction. It accelerated business deployment and continuously optimized the personal pension section of the Ping An Pocket Bank APP. It enriched product offerings, selecting products that combine stability, long-term suitability, and inclusiveness. As of end-September, the bank offered 254 personal pension products across four major categories: pension savings, pension wealth management, pension funds, and pension government bonds.
Green finance: The bank firmly implemented the green development requirements proposed at the 20th National Congress of the Communist Party of China, earnestly implemented the national carbon neutrality strategy, deeply laid out the industrialized development of green finance, and increased support for key areas such as the green economy, low-carbon economy, circular economy, and biodiversity protection. As of end-September, green loan balances were RMB 274.107 billion, up 2.9% from the end of the previous year.
Rural revitalization: The bank continued to practice the national rural revitalization strategy, improved the quality and efficiency of financial services for rural reform, and served agricultural and rural modernization. For January-September, rural revitalization support funds disbursed amounted to RMB 40.794 billion, with cumulative disbursement reaching RMB 244.159 billion. As of end-September, agriculture-related loan balances were RMB 122.485 billion, up 5.5% from the end of the previous year.
Ping An Bank Co.,Ltd. stated that it will continue to enhance its ability to provide financial services for the real economy, fully implement the "five major articles" of technology finance, green finance, inclusive finance, pension finance, and digital finance, continuously increase financial support for key areas such as residential consumption and manufacturing, help expand domestic demand, serve new quality productive forces, and practice high-quality financial development.
About Ping An Bank Co.,Ltd.
Ping An Bank Co.,Ltd. is a national joint-stock commercial bank headquartered in Shenzhen, listed on the Shenzhen Stock Exchange under the abbreviated name "Ping An Bank" with stock code 000001. Its predecessor was Shenzhen Development Bank Co., Ltd. (which absorbed and merged with the former Ping An Bank in June 2012 and was renamed Ping An Bank in July 2012). As of end-June 2026, Ping An Bank Co.,Ltd. had 41,043 employees and provided a variety of financial services to customers through 110 branches and 1,099 operating institutions. For more information, please follow the official WeChat accounts of Ping An Bank Co.,Ltd. (service account) and Ping An Piao Hao (subscription account), or visit @Ping An Bank on Sina Weibo or the official website of Ping An Bank Co.,Ltd.
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