Ping An Insurance (02318): Ping An Bank's net profit for the first quarter was 14.523 billion yuan, a year-on-year increase of 3%.
China Ping An (02318) announced that Ping An Bank achieved operating income of 35.277 billion yuan in the first quarter of 2026, a year-on-year increase of 4.7%, and achieved a net profit of 14.523 billion yuan, a year-on-year increase of 3.0%. The net interest margin is 1.79%, a decrease of 4 basis points from the same period last year, and an increase of 1 basis point from the previous year. Non-interest net income accounted for 37.41%, a year-on-year increase of 5.01 percentage points, and non-interest net income from wealth management, bond investments, and other businesses also increased year-on-year.
Ping An Bank announced that in the first quarter of 2026, it achieved operating income of 35.277 billion yuan, an increase of 4.7% year-on-year, and a net profit of 14.523 billion yuan, an increase of 3.0% year-on-year. Net interest margin was 1.79%, a decrease of 4 basis points compared to the same period last year, and an increase of 1 basis point compared to the full year of last year. Non-interest net income accounted for 37.41%, an increase of 5.01 percentage points year-on-year, with non-interest net income from wealth management, bond investments, and other businesses increasing year-on-year.
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