Postal Savings Bank of China Co Ltd601658
▲ PositiveCapitalTechnologyrelevance
H1 operating income up 7.24% and net profit up 4.26%, with interim dividend payout ratio raised to 31%.
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Postal Savings Bank of China Co LtdPostal Savings Bank of China reported solid first-half 2026 results, with operating income up 7.24% year-on-year and net profit attributable to shareholders up 4.26%, while its net interest margin of 1.63% remains a leading figure among major state-owned peers. The bank's non-interest income rose 12.14%, supported by double-digit growth in fee-based and other non-interest income, and it increased its interim dividend payout ratio to 31%, up one percentage point from the previous year. Asset quality remained stable with an overall NPL ratio of 1.00%, though retail asset quality came under pressure, with the overall NPL, overdue loan, and special mention loan ratios rising by 5, 8, and 15 basis points respectively from the start of the year. The bank highlighted progress in technology and AI, with 370 large model-powered scenarios, a 40% increase in approval efficiency, and a 72% reduction in large model deployment costs. Management outlined strategic priorities for the 15th Five-Year Plan, focusing on consolidating core business, fostering new growth pillars like corporate finance and non-interest income, and becoming an AI-native digital intelligence ecosystem bank.
Postal Savings Bank of China Co LtdH1 operating income up 7.24% and net profit up 4.26%, with interim dividend payout ratio raised to 31%.