Ruifeng Bank disclosed its 2026 semi-annual report. In the first half, it achieved operating revenue of 2.214 billion yuan, down 1.96% year on year, while net profit attributable to shareholders of the bank was 898 million yuan, up 0.94% year on year. The divergence in performance stemmed from differences in income structure. Net interest income was 1.757 billion yuan, up 12.04% year on year, and net fee and commission income was 68 million yuan, up 25.08% year on year. However, investment income was 326 million yuan, down 47.06% year on year, dragging non-interest net income down 33.77% year on year. As of the end of June, the bank's total assets were 255.643 billion yuan, up 5.86% from the beginning of the year. Total loans were 146.818 billion yuan, an increase of 3.97%. The non-performing loan ratio was 1.09%, up 0.10 percentage point from the beginning of the year. Ruifeng Bank also launched its first interim dividend plan since listing, proposing to distribute a cash dividend of 1 yuan per 10 shares before tax, with an estimated total payout of about 196 million yuan, accounting for 21.85% of net profit attributable to shareholders in the first half.
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co LtdNet profit rose 0.94% and first interim dividend announced, though revenue slipped.
