Published:
Ping An Bank profit rises 3.3% as revenue gains 1.8%
Retail assets under management reached $654.8b by 30 June.
Ping An Bank reported a 3.3% year-on-year (YoY) increase in net profit to $3.8b (RMB25.70b) for the first half of 2026, whilst revenue rose 1.8% to $10.5b (RMB70.62b).
The bank’s non-performing loan ratio remained unchanged at 1.05% YoY as of 30 June 2026. Its provision coverage ratio stood at 219.58%.
Ping An Bank also expanded its retail business, with retail assets under management rising 3.8% from the start of the year to $654.8b (RMB4.40tn) as of 30 June.
The average interest rate on retail deposits fell by 40 basis points YoY to 1.52% in the first half of 2026.
($1.00 = RMB6.72)
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