Changes in Hong Kong stocks | Bank of China (03988) rose more than 4%, with a net profit growth rate of 5.1% in the first half of the year, leading a steady recovery in net interest spreads of the six major banks

The Zhitong Finance App learned that Bank of China (03988) rose by more than 4%. As of press release, it had risen 4.21% to HK$5.815, with a turnover of HK$1,089 billion.

According to the news, the Bank of China announced its 2026 interim results. Revenue for the first half of the year was 357.113 billion yuan, up 8.41% year on year; shareholders' after-tax profit was 123.594 billion yuan, up 5.1% year on year, ranking first among the six major state-owned banks in profit growth. Net interest income for the first half of the year increased 10.2% year over year, and net interest spread was 1.27%, up 1 basis point year over year. It is proposed to distribute the 2026 mid-term common stock dividend of RMB 1.190 (before tax) for every 10 shares.

According to Huatai Securities, the core highlights of this performance announcement are the steady recovery in net interest spreads and the increase in loan size to accelerate net interest income, driving improvements in revenue and PPP growth; continuing advantages in wealth management and custodian business; and improving the quality of public and foreign assets. The company's global and integrated management characteristics continue to deepen, and the A/H share “increase/buy” rating is maintained.