China Construction Bank H1 2026 slides: profit rises 5.6%, NIM improves

China Construction Bank Corporation reported its first half of 2026 financial results on August 28, revealing steady growth despite a challenging operating environment. The bank's net profit increased by 5.56% year-over-year to CNY 171.677 billion, while operating income rose by 10.48% to CNY 426.333 billion. The net interest margin improved to 1.37%, reflecting a positive trend in a low-rate environment.

Total assets grew 3.72% to RMB 47.33 trillion, while total liabilities expanded 3.69% to RMB 43.49 trillion. The cost-to-income ratio fell by 1.55 percentage points to 22.17%, indicating efficient expense management. Asset quality remained strong, with a non-performing loan ratio of 1.29% and provision coverage of 238.69%. The capital adequacy ratio stood at 19.42%, providing a robust buffer for future growth and regulatory requirements.

Strategic asset allocation and revenue diversification efforts showed positive results, with net non-interest income growing 16.31% to RMB 115.375 billion, outpacing net interest income growth of 8.46%. The dividend payout ratio increased to 31% from 30%, demonstrating management's confidence in sustainable earnings generation.