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# China Merchants Bank reports H1 2026 net profit up about 2% to RMB 76.44 billion; operating revenue rises 4.83%
- URL: https://www.theglobalbanker.com/china-merchants-bank-h1-2026-net-profit-76-44-billion/
- Published: 2026-08-28T15:03:00.000Z
- Updated: 2026-10-02T10:06:23.000Z
- Description: China Merchants Bank's H1 2026 net profit rose about 2% year on year to CNY 76.44 billion, while operating income climbed 4.83% to CNY 178.14 billion.
- Author: TGB Editorial Team
- Tags: Banking News, Asia-Pacific

China Merchants Bank reported a net profit attributable to shareholders of CNY 76.44 billion for the first half of 2026, an increase of approximately 2% from the same period a year earlier, according to the group's interim disclosure.

Net operating income for the six months reached CNY 178.14 billion, up 4.83% year on year.

The annualised return on average equity attributable to ordinary shareholders fell 0.43 percentage point year on year to 13.42%, and the net interest margin narrowed to 1.83% from 1.88%.

Net interest income rose 5.60% to CNY 112.02 billion, while net non-interest income rose 3.56% to CNY 66.11 billion.

#### NET INTEREST INCOME LEADS REVENUE GROWTH

Revenue growth of nearly 5% year on year was led by net interest income. Net fee and commission income rose 5.99% to CNY 39.86 billion, with wealth management fee income up 26.53% to CNY 16.19 billion, while bank card fees fell 11.73% to CNY 6.37 billion.

Operating expenses rose to CNY 58.21 billion from CNY 56.38 billion, while the cost-to-income ratio improved to 29.70% from 30.11%. The non-performing loan ratio was unchanged from the end of 2025 at 0.94%.

China Merchants Bank published its 2026 interim results announcement on the Hong Kong stock exchange on 28 August 2026.