Bank of China (3988) Q1 2026 earnings summary

Executive summary

• Profit for the period reached RMB60.959 billion, up 3.95% year-over-year; profit attributable to equity holders rose 4.17% to RMB56.631 billion.

• Operating income increased 8.44% year-over-year to RMB178.822 billion, with net interest income up 7.81% and non-interest income up 9.61%.

• Total assets grew 3.22% from year-end to RMB39,594.197 billion; loans and advances to customers rose 4.25%.

• Non-performing loan ratio improved to 1.22%, with allowance coverage at 203.17%.

Financial highlights

• Net interest margin was 1.26%; cost-to-income ratio stood at 24.80%.

• Operating expenses increased 10.55% year-over-year; impairment losses on assets rose 18.73%.

• Basic and diluted EPS remained at RMB0.18.

• Net cash inflow from operating activities was RMB196.208 billion, reversing an outflow in the prior year.

Outlook and guidance

• A 2025 final cash dividend of RMB1.169 per ten ordinary shares (before tax) was approved, pending general meeting approval.