Summary · why it matters
Data from the National Financial Regulatory Administration shows that in the second quarter of 2026, the net interest margin of commercial banks was 1.41 percent, up 0.01 percentage point from 1.40 percent in the first quarter, marking the first quarter-on-quarter increase since 2022. As of August 18, Ping An Bank, Shanghai Pudong Development Bank, Bank of Jiangsu, Bank of Chongqing, and Chongqing Rural Commercial Bank have all released their 2026 interim results or preliminary earnings reports. All five banks achieved positive growth in both revenue and net profit in the first half, and their year-on-year revenue growth rates all improved compared with the same period last year. Bank of Chongqing's revenue rose 10.80 percent year on year to 8.486 billion yuan, Bank of Jiangsu grew 9.11 percent to 48.952 billion yuan, Chongqing Rural Commercial Bank increased 7.81 percent to 15.892 billion yuan, Shanghai Pudong Development Bank rose 3.55 percent to 93.777 billion yuan, and Ping An Bank grew 1.8 percent to 70.617 billion yuan. In terms of net profit, Bank of Chongqing's net profit attributable to shareholders was 3.518 billion yuan, up 10.28 percent year on year; Bank of Jiangsu posted 21.876 billion yuan, up 8.09 percent; Chongqing Rural Commercial Bank reported 8.168 billion yuan, up 6.09 percent; Shanghai Pudong Development Bank recorded 30.951 billion yuan, up 4.08 percent; and Ping An Bank delivered 25.696 billion yuan, up 3.3 percent. A common feature of the five banks is that deposit growth was significantly higher than loan growth, consistent with central bank data: at the end of July 2026, the outstanding balance of renminbi deposits grew 8.1 percent year on year, while the outstanding balance of loans grew 5.1 percent. Bank of Jiangsu had the largest gap between deposit and loan growth, with deposits up 17.39 percent from the end of last year and loans up 12.20 percent. Bank of Chongqing's deposits grew 10.87 percent and loans grew 9.63 percent. Shanghai Pudong Development Bank's deposits rose 5.05 percent and loans rose 2.88 percent. Ping An Bank's deposits increased 2.2 percent and loans increased 1.8 percent. Ping An Bank President Ji Guangheng said effective financing demand remains insufficient, and retail personal loan growth in the first half was only a few billion yuan. On asset quality, Bank of Jiangsu's non-performing loan ratio was 0.81 percent, the best since its listing; Chongqing Rural Commercial Bank's ratio was 1.05 percent, down 0.03 percentage point from the end of last year; Ping An Bank's ratio was 1.05 percent, unchanged; and Shanghai Pudong Development Bank's ratio was 1.25 percent, down 0.01 percentage point.
Ping An Bank Co Ltd
Shanghai Pudong Development Bank Co Ltd
Bank of Jiangsu Co Ltd
Chongqing Rural Commercial Bank Co
Bank of Chongqing Co Ltd