BOC Hong Kong (2388) investor relations material

Executive summary

• 9M 2026 net operating income before impairment allowances rose 2.3% YoY to HK$58,647m; profit after taxation increased 9.0% to HK$35,130m.

• Q3 net operating income before impairment allowances fell 5.8% QoQ to HK$18,744m; profit after taxation declined 9.2% to HK$10,774m.

• Customer deposits and advances grew 7.6% and 7.5%, respectively, from end-2025; impaired loan ratio was 0.93%.

Financial highlights

• 9M net interest income rose 12.9% YoY to HK$43,120m; including FX swap contract funding income or cost, it rose 3.9% to HK$45,072m.

• 9M net fee and commission income fell 7.6% YoY to HK$8,435m; insurance, securities brokerage, and trust and custody commissions declined, partly offset by growth in other businesses.

• 9M operating expenses increased 6.7% YoY; net impairment charge fell HK$998m YoY to HK$4,125m, partly reflecting a higher prior-year base.

• Q3 net interest income rose 3.6% QoQ, or 0.9% including FX swap contract funding income or cost; net fees fell 17.7%, mainly on lower loan commissions.

Segment performance

• Personal Banking expanded wealth and digital services, launched a Private Wealth Centre and end-to-end subsidised-housing mortgage applications, and recorded a record Silver Bonds subscription value and participant count.

• Corporate Banking remained the top mandated arranger in Hong Kong-Macao syndicated loans and a leading IPO main receiving bank by Main Board funds raised; it supported offshore RMB bond issuance and partnered with Ant International on AI-driven services.

• Treasury supported Hong Kong’s gold clearing system as settlement institution and direct participant, and provided two-way quotations for the first offshore China Government Bond Futures.

• Southeast Asian operations expanded cross-currency swap quotations in Indonesia, Malaysia and Thailand, broadened global account services, and launched cross-border e-CNY payments in Laos.