Minsheng Bank (01988.HK) recorded a net profit attributable to shareholders of 11.514 billion yuan in the first quarter, a year-on-year decrease of 9.64%.

The Wisdom Finance and Economics APP News: Minsheng Bank (01988.HK) has announced that in the first quarter of 2026, the Group's operating income was 37.822 billion yuan, an increase of 1.009 billion yuan compared to the same period last year, with a growth rate of 2.74%. Among them, net interest income was 25.571 billion yuan, an increase of 705 million yuan compared to the same period last year, with a growth rate of 2.84%. This was mainly due to a year-on-year increase in the average daily size of interest-earning assets by 82.761 billion yuan, while the decrease in the cost of liabilities drove the net interest spread to increase by 2BP year-on-year. During the reporting period, the Group's fee and commission income was 5.217 billion yuan, an increase of 290 million yuan compared to the same period last year, with a growth rate of 5.89%. Among them, agency business, settlement, and clearing fee income increased by 480 million yuan and 297 million yuan respectively compared to the same period last year, with growth rates of 47.20% and 50.34% respectively. At the same time, the Group increased efforts to dispose of non-performing assets. During the reporting period, the net profit attributable to the bank's shareholders was 11.514 billion yuan, a decrease of 1.228 billion yuan compared to the same period last year, with a decrease of 9.64%.