Bank of China Q3 Profit Rises Amidst Economic Headwinds

Bank of China’s profit for the first three quarters of 2026 rose 5.09% year-on-year to RMB 199.232 billion, according to its latest quarterly report. Profit attributable to equity holders increased by 5.53% to RMB 187.482 billion over the same period. The results come as China’s financial sector navigates a challenging macroeconomic environment, marked by a recent stock market downturn and cooling consumer spending.

The bank’s operating income increased by 7.05% year-on-year to RMB 526.802 billion, driven primarily by a 10.38% increase in net interest income, which reached RMB 359.606 billion. Non-interest income saw a more modest increase of 0.52%, totaling RMB 167.196 billion. Operating expenses decreased slightly by 0.42% to RMB 185.799 billion. Impairment losses on assets, however, increased by 19.03% to RMB 95.84 billion.

As of September 30, 2026, Bank of China’s total assets stood at RMB 41.108449 trillion, a 7.17% increase from the end of 2025. Loans and advances to customers reached RMB 25.020222 trillion, with corporate loans growing at a faster pace (9.65%) than personal loans, which decreased by 0.56%. The bank’s non-performing loan ratio edged down to 1.22%, while the allowance for loan impairment losses to non-performing loans ratio decreased to 198.3%.

The bank demonstrated strong capital adequacy ratios. The common equity tier 1 capital adequacy ratio was 12.04%, the tier 1 capital adequacy ratio was 13.86%, and the overall capital adequacy ratio was 18.45%. The liquidity coverage ratio was reported at 134.78%, exceeding the minimum regulatory requirement of 100%. These figures suggest a resilient capital position despite mounting economic pressures.