Bank of Ningbo (002142) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB 41.45 billion, up 11.54% year-over-year; net profit attributable to shareholders was RMB 16.56 billion, up 12.12%.

• Net interest income grew 14.26% year-over-year, while net fee and commission income surged 53.90%.

• Total assets as of June 30, 2026, were RMB 3.95 trillion, up 8.81% from year-end 2025.

• The bank maintained a low non-performing loan (NPL) ratio of 0.76% and a provision coverage ratio of 373.35%.

• Interim dividend proposed: RMB 4 (pre-tax) per 10 shares, pending shareholder approval.

Financial highlights

• Operating profit for H1 2026 was RMB 18.16 billion, up 12.69% year-over-year.

• Net interest margin (NIM) was 1.70%, down 6 bps year-over-year due to lower asset yields.

• Cost-to-income ratio improved to 27.17%, down 3.19 percentage points year-over-year.

• Basic and diluted EPS were RMB 2.51, up 12.05% year-over-year.

• Return on average equity (ROAE) was 14.24%, up 0.44 percentage points year-over-year.

Outlook and guidance

• Management expects net interest margin to remain under pressure in H2 2026 but with a slower decline.

• Fee income is projected to maintain steady growth, supported by wealth management and capital market recovery.

• Asset quality is expected to remain stable, with continued focus on risk control and non-performing asset resolution.

• Capital adequacy is anticipated to meet regulatory requirements, with ongoing optimization of capital structure.