Bank of Communications (3328) investor relations material

Executive summary

• Total assets rose 4.66% to RMB 16,272.96 billion as of March 31, 2026, with net profit attributable to shareholders up 3.11% year-over-year to RMB 26.162 billion.

• Net operating income increased 4.89% year-over-year to RMB 69.689 billion, and profit before tax grew 8.66% to RMB 29.916 billion.

• The bank maintained a strong capital position, with capital adequacy ratios well above regulatory requirements.

Financial highlights

• Net interest income rose 7.21% year-over-year to RMB 45.675 billion, accounting for 65.54% of net operating income.

• Net fee and commission income declined 3.04% year-over-year to RMB 11.241 billion.

• Business costs decreased 4.86% year-over-year, with a cost-to-income ratio of 27.58%.

• Asset impairment losses increased 12.49% year-over-year to RMB 14.210 billion.

• Basic and diluted EPS were RMB 0.30, down from RMB 0.34 year-over-year.

Outlook and guidance

• Management emphasized a focus on stability and supporting the real economy, aiming for steady growth as part of the 15th Five-Year Plan.