Ping An Bank profit rises 3% to $2.12b in Q1

Retail assets under management rose 1.2% during the quarter, said Ping An.

Ping An Bank saw its net profit rise to 3% year-on-year (YoY) to $2.12b (RMB14.52b) in Q1 2026, according to the latest financial results of its parent company Ping An Insurance (Group) Company of China, Ltd.

Revenue grew 4.7% YoY to $5.16b (RMB35.28b) during the same quarter.

As of 31 March 2026, non-performing loan ratio was 1.05%, whilst provision coverage ratio was 219.59%.

Its Core tier 1 capital adequacy ratio rose 0.15 percentage points (ppts) from the beginning of the year, to 9.51%.

Retail assets under management also rose 1.2% to be around $627.42b (RMB4.29t) by end-Q1.

Corporate loan balance rose 4.1% from the beginning of the year to around $253.02b (RMB1.73t), as the bank’s loans to areas including technology finance and manufacturing grew healthily, Ping An Insurance said.

(US$1 = RMB 6.84)