Bank of China (W8VS) Q2 2026 Earnings Report
DE:W8VS Q2 2026 EPS Results
- Actual EPS
- EUR 0.65
- Consensus EPS
- EUR 0.66
- Beat/Miss
- Missed by -EUR 0.01
- One Year Ago EPS
- EUR 0.56
DE:W8VS Q2 2026 Revenue Results
- Actual Revenue
- EUR 40.58B
- Expected Revenue
- EUR 21.98B
- Beat/Miss
- Beat by +EUR 18.60B
- YoY Revenue Growth
- +5.85%
Earnings Announcement Details
- Quarter
- Q2 2026
- Date
- 08/28/2026
- Time
- Before Open
- Conference Call
- Friday, August 28, 2026
DE:W8VS Upcoming Earnings
Bank of China's next earnings date is estimated for March 30, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:W8VS Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive overall. BOC reported steady revenue and profit growth, stable NIM, improving asset quality, stronger capital, higher proposed shareholder distributions, expanding global operations, and broad growth across technology finance, green finance, non-interest income, custody, consumption support, and digital transformation. Management also acknowledged asset-yield and deposit-cost pressures, uncertain U.S. dollar interest rates, and the need to monitor personal-loan, corporate, and overseas concentration risks, but described risk resilience and the outlook for asset quality as adequate and stable.
Company Guidance
For the second half of 2026, BOC will maintain domestic RMB loan growth “higher than average,” focus loan support on tech innovations, green development, and mid to long-term manufacturing, continue overseas loan extension with smart manufacturing, renewable energy, new materials, and the biopharmaceutical industry as key industries, expand low cost funding sources, optimize deposit structures, and “continuously lower” deposit cost; it expects high yield businesses to “gradually grow,” foreign currency NIM contribution to continue, and overseas institution net profit contribution during the 15th Five-Year Plan period to “make new breakthroughs.” BOC will focus on seven priority tasks, implement specific projects under its next five years of development, maintain “stable asset quality throughout 2026,” adhere to “prudential provision making,” and guard the bottom line of “no systemic financial risks.” To mark the 20th anniversary of its IPO, it suggested increasing the payout ratio to 31% and declared a cash dividend of CNY 1.19 per 10 share.
- Steady First-Half Financial GrowthIn the first half of 2026, operating revenue was RMB 357.1 billion and profit before provision was RMB 230.4 billion, increasing by 8.41% and 9.77%, respectively. Net profit attributable to shareholders of the bank grew by 4.67% and 5.10%, respectively, with the growth rate achieving quarter-on-quarter growth since 2025.
- Stable NIM and Improved Operating EfficiencyNIM stabilized at 1.27%, while net interest income grew by 10.20%. NIM improved by one basis point for the first half of 2026 and by two basis points compared with the first quarter for RMB business. The cost-income ratio decreased by 1.68 percentage points.
- Balance Sheet Expansion and Liability Cost ControlTotal assets exceeded RMB 40 trillion, increasing by 4.77% compared with the end of last year. Domestic RMB loans grew by RMB 1.2 trillion, or 5.98%, while total liabilities reached RMB 36.95 trillion, increasing by 5.11%. Domestic RMB deposit interest rates reduced by 22 basis points, and liability cost was described as being within control.
- Improved Asset Quality and Capital StrengthThe NPL ratio was 1.22%, down 0.01 percentage point from the end of last year. Newly incurred NPLs and the NPL balance both reduced. The provision coverage ratio was 285%, up 0.48 percentage point, and the CAR ratio was 18.31%, 80 basis points higher than the previous quarter.
- Higher Shareholder ReturnsBOC stated that it has paid more than RMB 1 trillion in cash dividends since its IPO, with the payout ratio maintained at a high of 30%. To mark the 20th anniversary of its IPO, the bank proposed increasing the payout ratio to 31% and declared a cash dividend of CNY 1.19 per 10 shares.
- Expanded Global Network and Overseas ContributionBOC's global network expanded to 64 countries and regions, compared with 27 countries at the time of its IPO. Overseas net profit contribution remained above 27%; overseas net profit was stated as $6.4 billion, contributing 27.21% of total group net profit. Overseas assets exceeded $1.34 trillion, up 5.67% year-on-year, and overseas loans grew by $26.1 billion, or 5.82%.
- Strengthened Cross-Border RMB and Global ServicesBOC won RMB clearing bank status in England, Sri Lanka, and Indonesia, bringing its RMB clearing network to 19 countries and regions. Cross-border RMB business scale ranked number one in the world. The bank provided services to 90% of Fortune 500 companies in China, operated 7 by 24 multi-currency cash pool services, and reported that fund transfers and settlements could be completed within seconds.
- Growth in Global Custody and Settlement BusinessesBOC stated that it was the first Chinese bank to establish a global custody bank overseas. Cross-border custody scale increased by 16.20% and 19.38%, respectively. Group custody asset scale grew by 10.27%, custody business revenue increased by 10.29%, and cross-border custody fee business grew by 13.09%.
- Strong Support for Technology and Green FinanceTech loans accounted for more than one-third of total corporate loans, and BOC served over 200,000 technology companies, including 5,200 core AI companies. Green finance balance grew by 13.32%, while AI-related companies received RMB 660 billion of loan support. The bank also underwrote over RMB 58 billion of ESG financing in the first half.
- Expansion of Inclusive, Pension, and Elderly-Care FinanceInclusive finance for micro and small enterprises grew in amount and customer number by 10.6% and 8.19%, respectively. Individual pension contributions grew by 54%, and elderly-care industry loan balance grew by 50%.
- Digital Banking and Technology Transformation ProgressMobile banking monthly active users increased by 6.6%, cross-border e-commerce transaction amount grew by 24% year-on-year, and POE loan balance grew by 9%. BOC was pressing ahead with 40 technology strategic projects, reducing delivery cycle timing by 15%. Its AI large language models covered over 32,000 customers and 3,800 scenarios, while paperless processes expanded to 70%.
- Growth in Customer and Custody FranchiseThe number of corporate customers exceeded 9 million, increasing by 7.54%. Effective individual customers reached 409 million, and mid-to-high-end individual customers increased by 5.84% from the end of last year. Cash management accounts and daily average deposits grew by 7.94% and 10.69%, respectively. Asset custody size reached RMB 26.75 trillion, increasing by 10.27%, and comprehensive financing projects grew by 20% year-on-year.
- Non-Interest Income GrowthNon-interest income was RMB 120.38 billion, increasing by 5.04% year-on-year and representing 33.71% of total income. Domestic corporate settlement fee income grew by 6.83%, debit card commission fee income grew by 6.5%, fund agency sale fee grew by 31%, and agency wealth management fee in Hong Kong and Macau grew by 17%.
- Domestic Consumption and Employment SupportBOC provided RMB 390 billion of loans to stabilize and expand employment. Individual account financial assets exceeded CNY 18 trillion. Corporate credit balance in consumption areas increased by 7.7%, service-sector new loans exceeded CNY 640 billion, and 3.28 million customers received installment interest subsidies. Marketing activities led to consumption of more than RMB 4 trillion, tax refunds grew by 400%, and foreign card acquiring business increased by 64%.
- Bond Underwriting LeadershipDomestic bond underwriting exceeded RMB 750 billion in the first half, serving more than 300 issuers, while the bond business grew by over 30%. BOC underwrote 58 Panda bonds amounting to RMB 38 billion and maintained its number-one position in Panda bond underwriting for 12 consecutive years. It was master underwriter for 140 dim sum bonds totaling RMB 90.1 billion, representing 50% of market share.
- Adoption of the 15th Five-Year PlanThe board adopted BOC's 15th Five-Year Plan, focusing on capabilities to serve the real economy, global footprint and international competitiveness, comprehensive customer services, risk management, integrated operations, and a high-caliber talent pool. The plan continues to prioritize tech finance, global RMB internationalization, and high-quality development.
- AI Plus Strategy and Intelligent AssistantsBOC issued an AI Plus plan and an AI Plus finance implementation plan, established a unified computing power platform and BOC AI large language model platform, and incubated over 2,000 intelligent assistants. AI deployments covered customer service, sales, credit, risk management, and operations, with pilots for AI-empowered global loan extension in Singapore and other branches.
DE:W8VS Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 30, 2027 | 2026 (Q4) | 0.70- | 0.61 | ― | ― |
| Oct 30, 2026 | 2026 (Q3) | 0.630.64 | 0.57 | 12.62% (+0.07) | |
| Aug 28, 2026 | 2026 (Q2) | 0.660.65 | 0.56 | 15.19% (+0.09) | |
| Apr 29, 2026 | 2026 (Q1) | 0.610.59 | 0.55 | 6.29% (+0.03) | |
| Mar 30, 2026 | 2025 (Q4) | 0.630.61 | 0.63 | -2.13% (-0.01) | |
| Oct 28, 2025 | 2025 (Q3) | 0.560.57 | 0.6 | -5.09% (-0.03) | |
| Aug 29, 2025 | 2025 (Q2) | 0.560.56 | 0.56 | 0.00% (+0.00) | |
| Apr 29, 2025 | 2025 (Q1) | 0.550.55 | 0.55 | -0.16% (-0.00) | |
| Mar 26, 2025 | 2024 (Q4) | 0.570.63 | 0.59 | 7.00% (+0.04) | |
| Oct 30, 2024 | 2024 (Q3) | 0.570.60 | 0.58 | 2.93% (+0.02) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed