Ping An Bank (000001.SZ) announced first-half results, with net profit of 25.696 billion yuan to mother, an increase of 3.3% over the previous year

According to the Zhitong Finance App, Ping An Bank (000001.SZ) released its 2026 semi-annual report. In the first half of the year, the Group achieved operating income of 70.617 billion yuan, an increase of 1.8% over the previous year, and achieved net profit of 25.696 billion yuan, an increase of 3.3% over the previous year. The net interest spread was 1.80%, the same as the same period last year, and an increase of 2 basis points over the full year of last year. Net non-interest income accounted for 37.28%, up 1.42 percentage points year on year. Net non-interest income from wealth management, bond investment and other businesses increased year on year. The Bank is driving cost reduction and efficiency through digital transformation. Business and management expenses were 19.108 billion yuan, a year-on-year decrease of 0.5%, and a cost-revenue ratio of 27.06%, a year-on-year decrease of 0.62 percentage points.

At the end of June, the Group's total assets were 60,28.785 billion yuan, up 1.7% from the end of the previous year; total principal loans issued and advances increased 1.8% from the end of the previous year; corporate loan balances increased 3.7% from the end of the previous year, of which general corporate loan balances increased 5.2% from the end of the previous year. The Bank continued to increase support for the real economy, and loans in technology finance, manufacturing and other fields achieved good growth; the bank continued to optimize its retail asset portfolio to increase the proportion of high-quality customers, and mortgage loans accounted for the proportion of personal loans It was 62.2%.