Bank of Hangzhou Co. (600926) Q2 2026 earnings summary

Executive summary

• Achieved revenue of RMB 21.05 billion for H1 2026, up 4.75% year-over-year; net profit attributable to shareholders reached RMB 12.81 billion, up 9.87% year-over-year.

• Total assets grew to RMB 2.47 trillion, up 4.46% from year-end 2025; loans and advances increased 8.43% to RMB 1.16 trillion.

• Asset quality remained stable with an NPL ratio of 0.76%; provision coverage at 471.96%.

• Basic EPS was RMB 1.70; weighted average ROE was 8.87%.

Financial highlights

• Net interest income rose 19.17% year-over-year to RMB 15.60 billion, accounting for 74.11% of total revenue.

• Non-interest income declined 22.20% year-over-year, mainly due to lower investment returns.

• Cost-to-income ratio improved to 22.94%, down 1.14 percentage points year-over-year.

• Operating cash flow was negative RMB 34.56 billion, compared to positive RMB 29.26 billion in H1 2025.

Outlook and guidance

• Continues to focus on high-quality growth, digital transformation, and risk management.

• Strategic priorities include expanding in the Yangtze River Delta, supporting manufacturing, green finance, and digital banking.