Bank of China (3988) investor relations material

Executive summary

• Celebrated the 20th anniversary of IPO, with total assets increasing 8x since listing and global coverage expanding to 64 countries and regions.

• Operating income for H1 2026 was RMB357.11 billion, up 8.41% year-over-year; net profit attributable to shareholders rose 4.67% to RMB132.03 billion.

• Maintained stable operations through multiple economic cycles, concluding the 14th Five-Year Plan and launching the 15th Five-Year Plan.

• Overseas profit contribution rose to 27.21% of group net profit, with overseas assets exceeding $1.34 trillion and NPL ratios improving.

• Key financial indicators remained strong, with ROA at 0.67% and ROE at 8.66%.

Financial highlights

• Net interest income grew 10.20% YoY to RMB236.73 billion; NIM stabilized at 1.27%, up 1 basis point YoY.

• Non-interest income reached RMB120.38 billion, up 5.04% YoY, accounting for 33.71% of total income.

• Cost-to-income ratio improved to 23.43%, down 1.68 percentage points YoY.

• Total assets surpassed RMB40.19 trillion, up 4.77% from year-end 2025; liabilities increased 5.11% to RMB36.95 trillion.

• Dividend payout ratio proposed to increase to 31%, with interim dividend of RMB1.19 per 10 shares.

Outlook and guidance

• The 15th Five-Year Plan focuses on high-quality growth, tech finance, global expansion, and risk management.

• Continued emphasis on technology, green, inclusive, pension, and digital finance, with tech loans comprising over 1/3 of corporate loans.

• Plans to leverage global network, enhance non-interest income, and maintain asset quality.

• Commitment to no systemic financial risks and ongoing digital transformation, including AI empowerment.

• Expects continued domestic economic resilience and stable recovery amid global uncertainties.