China Construction Bank reported a net profit of RMB 171.68 billion for the first half of 2026, up 5.56% from the same period a year earlier, as operating income climbed 10.48% year on year to CNY 426 billion, according to the group's interim disclosure.
Net profit growth accelerated by 1.88 percentage points from the first quarter, while net profit attributable to shareholders rose 4.62% to RMB 169.56 billion.
MARGIN EDGES UP FROM FIRST QUARTER
Net interest margin was 1.37%, up 1 basis point from the first quarter and 3 basis points from the full-year 2025 level but down from 1.40% a year earlier, as the decline in the cost of interest-bearing liabilities exceeded that in asset yields. Net interest income rose 8.46% to RMB 310.96 billion.
Credit impairment losses rose 20.79% to RMB 130.03 billion, while profit before tax increased 8.52% to RMB 197.98 billion. The non-performing loan ratio fell 0.02 percentage points from the end of 2025 to 1.29%, and the provision coverage ratio rose 5.54 percentage points to 238.69%.
Construction Bank is one of the largest lenders in the world by assets. Peers including Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of China reported their half-year numbers on the same day, 28 August.
The double-digit rise in operating income reflected an 8.46% increase in net interest income and a 16.31% rise in net non-interest income to RMB 115.38 billion, although net fee and commission income fell 1.42%. CCB's 10.48% operating income growth was second only to Agricultural Bank of China's 11.2% among the six large state-owned banks.
SUPPORT FOR REAL ECONOMY REMAINS FOCUS
Manufacturing loans reached RMB 4.15 trillion at the end of June, up 17.95% from the end of 2025, and international business loans rose 24.57% to RMB 2.03 trillion, according to China Daily.
CCB President Zhang Yi told a news conference that the bank had implemented a forward-looking, proactive, flexible and efficient asset-liability allocation strategy.
The results were published through Construction Bank's investor communications channels, and presented by executives at a news conference on 28 August. The bank's next scheduled disclosure will cover the nine months to September.