Finance

ICBC third-quarter profit rises 9.97% to 112 billion yuan

The Tip Desk · November 2, 2026 · 2 min read

Net profit attributable to equity holders was RMB111,958 million for the three months ended 30 September 2026, up 9.97% from a year earlier, as operating income reached RMB220,974 million.

Industrial and Commercial Bank of China Limited (ICBC) reported net profit attributable to equity holders of RMB111,958 million for the three months ended 30 September 2026, up 9.97% from the year-earlier quarter. Operating income was RMB220,974 million, up 9.45%.

That quarterly profit gain was faster than the 3.29% rise in the three months ended 30 September 2025, when net profit attributable to equity holders was RMB101,805 million and operating income RMB201,886 million. Annualised return on weighted average equity was 10.75% in the latest quarter, an increase of 0.52 percentage points.

For the nine months ended 30 September 2026, net interest income was RMB519,054 million, up 9.64% year-on-year, and annualised net interest margin was 1.29%, up 1 bps versus the same nine-month period of 2025. Non-interest income was RMB148,083 million, up 7.66%, of which net fee and commission income was RMB92,280 million, up 1.55%. Operating expenses excluding taxes and surcharges were RMB167,742 million, up 3.39%, and the cost-to-income ratio was 25.14%.

Impairment losses on assets for the nine months were RMB152,071 million, up 19.65%, including RMB150,922 million of impairment losses on loans, up 9.78%.

As at 30 September 2026, total loans and advances to customers excluding accrued interest were RMB32,234,230 million, up 5.66% from year-end 2025, with corporate loans of RMB20,127,674 million, personal loans of RMB8,938,776 million and discounted bills of RMB3,167,780 million. Due to customers were RMB39,753,110 million, up 6.54%. Total assets were RMB57,823,437 million.

Under the five-category classification, non-performing loans were RMB416,776 million. The NPL ratio was 1.29%, down 0.02 percentage points from year-end 2025. The allowance-to-NPLs ratio was 211.64%, down 1.96 percentage points. The common equity tier 1 capital adequacy ratio was 13.07%, the tier 1 ratio 14.27% and the capital adequacy ratio 18.50%.

The bank proposed an A-share placement of up to RMB100.0 billion to replenish CET1. In July–October 2026 it issued RMB180.0 billion of tier 2 capital bonds and RMB40.0 billion of undated additional tier 1 bonds, and in September 2026 redeemed USD6.16 billion of offshore AT1 bonds issued in 2021.

The 2026 interim cash dividend for ordinary shares was RMB1.511 per ten shares pre-tax, with A-share payment on 21 October 2026 and H-share payment on 25 November 2026.

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