Minsheng Bank (01988) announced interim results. Net profit of 19.537 billion yuan decreased by 8.62% year-on-year

According to the Zhitong Finance App, Minsheng Bank (01988) announced interim results for the six months ended June 30, 2026, with operating income of 73.695 billion yuan (RMB, same below), an increase of 4.23% over the previous year; net profit to mother was 19.537 billion yuan, a year-on-year decrease of 8.62%; and basic income per share was 0.4 yuan.

The balance and liability structure continues to be adjusted, and the scale remains stable. On the asset side, it closely focuses on key areas and weak links in the real economy, and continues to increase credit investment. As of the end of the reporting period, the Group's total assets were $77,94.531 billion, a decrease of $38.036 billion, or 0.49%, compared with the end of the previous year. Among them, general loans continued to grow, with a balance of 4375.540 billion yuan at the end of the previous year, an increase of 71.180 billion yuan, an increase of 1.65%, accounting for 56.14% of total assets, an increase of 1.19 percentage points over the end of the previous year. On the debt side, strengthen customer operations and product services, deepen the management of the entire life cycle of customer funds with flow thinking, expand deposit accumulation and optimize the debt structure through closed settlement loops, product acceptance and service improvement. As of the end of the reporting period, the Group's total liabilities were $70,76.982 billion, a decrease of $52.388 billion, or 0.73%, compared with the end of the previous year. Among them, the total amount of deposits absorbed was 43,92,555 billion yuan, up 115.317 billion yuan from the end of the previous year, or 2.70%, accounting for 62.07% of total debt, up 2.08 percentage points from the end of the previous year; personal deposits continued to grow steadily, and the balance at the end of the period increased by 51,681 billion yuan over the end of the previous year, accounting for an increase of 0.33 percentage points.

Net interest spreads increased year over year, and operating income continued to grow. The Group continues to deepen reforms and transformation, focusing on optimizing the debt structure, stabilizing net interest spreads, and promoting continuous improvement in operating efficiency. During the reporting period, the Group's net interest spread was 1.47%, up 8BP year on year; at the same time, interest-bearing assets increased by an average of 78.115 billion yuan per day, an increase of 1.10%. Improved interest spreads and increased scale led to an increase in operating income. During the reporting period, the Group achieved operating income of 73.695 billion yuan, an increase of 4.23%; of these, net interest income was $52,584 billion, an increase of 3.381 billion yuan, an increase of 6.87%; and net income from handling fees and commissions was 9.809 billion yuan, an increase of 124 million yuan, an increase of 1.28% over the previous year. During the reporting period, the Group continued to step up its efforts to dispose of non-performing assets. Credit impairment losses increased year-on-year. Net profit attributable to the Bank's shareholders was 19.537 billion yuan, a year-on-year decrease of 1,843 billion yuan, or 8.62%.

Establish the Group's integrated risk management system, and maintain overall stability in asset quality. During the reporting period, the Group continued to implement the risk appetite of “seeking steady progress, optimizing the structure, and improving quality and efficiency”, taking “comprehensive management, fine management, and active management” as the core goal of risk management to enhance support for the high-quality development of the entire bank. Launch the “Year of Deepening Post-Investment Management” campaign to deepen the construction of a three-line collaborative management system to achieve deep integration of business development and risk management. Improve risk prevention and control capabilities in key areas, step up efforts to clear and dispose of non-performing assets, and maintain overall asset quality stability. By the end of the reporting period, the Group's total amount of non-performing loans was 66.323 billion yuan, an increase of 169 million yuan over the end of the previous year; the non-performing loan ratio was 1.47%, down 0.02 percentage points from the end of the previous year; the provision coverage rate was 142.19%, up 0.15 percentage points from the end of the previous year.