Chongqing Bank has released its interim report, showing revenue of RMB 8.486 billion, up 10.79% year-on-year, and net profit of RMB 3.767 billion, a 10.97% increase. Net profit attributable to shareholders reached RMB 3.518 billion, up 10.29%. As of the end of June, the group's total assets stood at RMB 1,108.909 billion, while the legal entity's total assets reached RMB 1,042.818 billion, with both figures crossing the trillion-yuan threshold. Customer deposits totaled RMB 627.202 billion, up 10.87% from the start of the year, and loans reached RMB 582.459 billion, a 9.63% increase. This marks the fourth consecutive quarter of double-digit year-on-year growth for both revenue and net profit.

The bank's net interest margin rose 7 basis points year-on-year to 1.46%, while the net interest spread increased 5 basis points to 1.40%. Despite a 36 basis point decline in the average yield on interest-earning assets to 3.28%, the improvement in net interest margin was primarily driven by the liability side. The average cost of interest-bearing liabilities dropped 41 basis points to 1.88%, with deposit costs falling 46 basis points. Corporate deposit rates declined 41 basis points from the beginning of the year, while average rates on personal time deposits eased from 2.86% to 2.39%. This drove net interest income up 26.04% to RMB 7.389 billion, with annualized weighted average ROE improving 0.51 percentage points to 12.03%.

Management stated at the results briefing that loan disbursement will continue to expand in the second half, with further optimization of the balance sheet structure and ongoing liability cost reduction, projecting that net interest margin will maintain its year-on-year recovery trend for the full year.

Asset quality metrics showed improvement, with the non-performing loan ratio easing 3 basis points to 1.11% from the end of 2025. Special-mention loans declined 13 basis points to 1.81% of total loans, while the provision coverage ratio strengthened by 1.73 percentage points to 247.31%. The ratio of NPLs to loans overdue beyond 90 days stood at 1.16, reflecting proactive risk identification. Both the NPL ratio and special-mention ratio for inclusive small and micro loans continued to fall, with the NPL formation rate hitting a three-year low.

Regarding concerns about the real estate sector, the data should be viewed in context. Real estate loans totaled RMB 9.971 billion, just 1.72% of the loan book, with corresponding NPLs of RMB 869 million, a mere 0.15% of total loans. The small base and minimal NPL concentration mean direct impact on overall asset quality is negligible.

The bank extended over RMB 140 billion in credit to the Chengdu-Chongqing Economic Circle during the first half. Financing for the New International Land-Sea Trade Corridor exceeded RMB 60 billion, green finance scale reached RMB 106.9 billion, and manufacturing loans surpassed RMB 41 billion. Medium and long-term manufacturing loans in the Chongqing region grew over 40% year-on-year, while loans to tech firms maintained double-digit growth. Inclusive small and micro loans reached RMB 77.647 billion, and agriculture-related loans surpassed RMB 57 billion. The bank has refreshed its digital products like "Hao Qi Dai" and "Hui Lian Dai," and introduced regional offerings such as "Pu Hui Yun Qi Xiang Dai" and "Wushan Plum Dai," earning the highest regulatory rating for small enterprise financial services for seven consecutive years. In green finance, it completed the nation's first cross-provincial GEP-linked loan and invested in the city's first SGD-denominated sustainability bond on SGX.

Market confidence is reflected in shareholder actions. In June 2026, Dah Sing Bank acquired 30 million H-shares worth HKD 241.5 million through a block trade, raising its stake to 13.48%. Chongqing Expressway Group increased its A-share holdings by 151 million shares through convertible bond conversion, reaching 4.998% of total shares. The bank maintained a 30% dividend payout ratio with RMB 1.599 billion in cash dividends for 2025, consistent with its practice since returning to the A-share market.

Multiple brokerages including CITIC Securities, China Merchants Securities, Zhongtai Securities, Guotai Haitong, Galaxy Securities, and Zheshang Securities have issued positive ratings. Huatai Securities research suggests the bank "deserves a valuation premium," setting 2026 target P/B ratios of 0.77x for A-shares and 0.54x for H-shares. Stock price performance, shareholder accumulation, and analyst endorsements have converged, demonstrating genuine market commitment.

The dual-trillion milestone marks scale, but the more telling story lies in the quality improvements behind it. Recovering net interest margins, solid asset quality, and a focused credit strategy define Chongqing Bank's first-half 2026 performance. In a low-margin environment, growth anchored in liability cost management, risk resilience, and regional strategy offers greater sustainability. The next challenge is achieving profitable expansion atop this dual-trillion foundation.