The initial set of half-year performance reports from A-share listed banks has been released. On the evening of July 20, Shanghai Pudong Development Bank Co., Ltd. issued an announcement regarding its primary operating conditions for the first half of 2026. Additionally, Chongqing Bank Co., Ltd. and Chongqing Rural Commercial Bank Co., Ltd. also disclosed their interim performance forecasts for 2026.
The announcement indicates that during the first half of this year, Shanghai Pudong Development Bank Co., Ltd. achieved steady growth in the scale of its deposits and loans. Specifically, as of the end of the first half, the bank's total loans (including discounted bills) amounted to 5.87 trillion yuan, an increase of 164.278 billion yuan, or 2.88%, compared to the end of 2025. Total deposits reached 5.86 trillion yuan, rising by 281.666 billion yuan, or 5.05%, from the end of 2025.
The performance forecasts for Chongqing Bank Co., Ltd. and Chongqing Rural Commercial Bank Co., Ltd. show that both regional banks achieved year-on-year growth in both operating revenue and net profit attributable to shareholders in the first half. Among them, Chongqing Bank Co., Ltd. achieved operating revenue of 8.486 billion yuan, a year-on-year increase of 10.80%, and a net profit attributable to shareholders of 3.518 billion yuan, up 10.28% year-on-year. Chongqing Rural Commercial Bank Co., Ltd. reported operating revenue of 15.892 billion yuan and net profit attributable to shareholders of 8.168 billion yuan, representing year-on-year growth of 7.81% and 6.09%, respectively.
Regarding the key profitability metric—annualized weighted average return on equity—Chongqing Bank Co., Ltd. and Chongqing Rural Commercial Bank Co., Ltd. saw improvements of 0.51 percentage points and 0.06 percentage points year-on-year in the first half, reaching 12.03% and 12%, respectively.
In terms of asset scale, as of the end of the first half, the total assets of Chongqing Bank Co., Ltd. and Chongqing Rural Commercial Bank Co., Ltd. reached 1.11 trillion yuan and 1.79 trillion yuan, respectively, representing growth of 7.27% and 7.35% compared to the end of 2025. Furthermore, Chongqing Rural Commercial Bank Co., Ltd. also disclosed asset quality data. As of the end of the first half, the bank's non-performing loan ratio was 1.05%, a decrease of 0.03 percentage points from the end of 2025. Its loan loss provision coverage ratio was 357.47%, down 9.79 percentage points from the end of 2025 but up 1.89 percentage points year-on-year compared to the same period in 2025.
Analysts noted that Chongqing Bank Co., Ltd. and Chongqing Rural Commercial Bank Co., Ltd., as local banks in Chongqing, demonstrated notable operational resilience in the first half. Despite pressure on net interest margins, both banks exhibited growth strength superior to the industry average, underpinned by solid and robust fundamental operations. Their asset profitability continues to improve, achieving stable balance sheet expansion by leveraging credit demand from the local real economy.
Research analysis suggests that benefiting from the stabilization of interest margins at a bottom, bank revenue elasticity is expected to recover significantly in 2026, with net interest income set to move beyond a phase of "increased volume without increased income" and regain its position as a key pillar.
It was further stated that the overall performance of listed banks in the first half of this year maintained a trend of recovery and improvement. However, the industry shows a divergent landscape, with the growth gap between large state-owned banks and small-to-medium-sized banks widening. Banks that deeply cultivate their regional presence and possess strong asset pricing capabilities are expected to continue leading the pack.
Market observers point out that the disclosed interim performance data from listed banks indicates stable performance with a clear trend of marginal improvement in profitability, sending positive signals. As a typical sector characterized by low valuations and high dividends, bank stocks are anticipated to continue attracting favor from capital seeking stable returns, making a recovery in the sector's valuation a foreseeable prospect.