Earnings release
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1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. ʮ̡ INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED (a joint stock limited company incorporated in the People’s Republic of China with limited liability) Stock Code: 1398 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED THIRD QUARTERLY REPORT OF 2026 The Board of Directors of Industrial and Commercial Bank of China Limited ( “the Bank ”) announces the results of the Bank and its subsidiaries ( “the Group ”) for the third quarter ended 30 September 2026. This announcement is made in accordance with Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. IMPORTANT NOTICE: The Board of Directors, Directors and Senior Management members of the Bank undertake that the information in this quarterly report contains no false record, misleading statement or material omission; and assume individual and joint and several liability for the authenticity, accuracy and completeness of the information in this quarterly report. Mr. Liao Lin, Legal Representative of the Bank, Mr. Liu Jun, Person in charge of finance of the Bank, and Mr. Xu Zhisheng, Person in charge of Finance and Accounting Department of the Bank, hereby warrant that the financial information contained in this quarterly report is authentic, accurate and complete. These quarterly financial statements have not been audited.
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2 I. Major Financial Data i. Major accounting data and financial indicators Financial data and indicators in this quarterly report are prepared in accordance with IFRS Accounting Standards and, unless otherwise specified, are consolidated amounts of the Group and denominated in Renminbi. In RMB millions, unless otherwise stated Item Three months ended 30 September 2026 Increase/ decrease as compared to the three months ended 30 September 2025 (% ) Nine months ended 30 September 2026 Increase/ decrease as compared to the nine months ended 30 September 2025 (% ) Operating income 220,974 9.45 667,137 9.19 Net profit attributable to equity holders of the parent company 111,958 9.97 285,640 5.83 Net cash flows from operating activities N/A N/A 1,544,650 (0.29) Basic earnings per share (RMB Yuan) 0.30 11.11 0.78 6.85 Diluted earnings per share (RMB Yuan) 0.30 11.11 0.78 6.85 Return on weighted average equity (%, annualised) 10.75 An increase of 0.52 percentage points 9.33 An increase of 0.03 percentage points Item 30 September 2026 31 December 2025 Increase/ decrease as compared to the end of last year (% ) Total assets 57,823,437 53,477,773 8.13 Equity attributable to equity holders of the parent company 4,370,732 4,244,259 2.98
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3 ii. Changes in major accounting data and financial indicators and the reasons thereof The changes in the above major accounting data and financial indicators did not exceed 30%. iii. Reconciliation of differences between the financial statements prepared under Generally Accepted Accounting Principles of the People ’s Republic of China (“PRC GAAP ”) and those under IFRS Accounting Standards In respect of the financial statements of the Group prepared under PRC GAAP and those under IFRS Accounting Standards, net profit attributable to equity holders of the parent company for the reporting period ended 30 September 2026 and equity attributable to equity holders of the parent company as at the end of the reporting period have no differences. II. Information on Shareholders i. Number of ordinary shareholders and particulars of shareholding As at the end of the reporting period, the Bank had a total of 702,632 ordinary shareholders and no holders of preference shares with voting rights restored or holders of shares with special voting rights, including 97,283 holders of H shares and 605,349 holders of A shares.
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4 PARTICULARS OF SHAREHOLDING OF THE TOP 10 ORDINARY SHAREHOLDERS OF THE BANK Unit: Share Name of shareholder Nature of shareholder Class of shares Increase/ decrease of shares as compared to the end of last year Shares held at the end of the period Shareholding percentage (% ) Number of pledged/ locked-up/ marked shares Central Huijin Investment Ltd. State-owned A Share – 124,004,660,940 34.79 None Ministry of Finance of the People ’s Republic of China State-owned A Share – 110,984,806,678 31.14 None HKSCC Nominees Limited (5) Foreign legal person H Share 26,416,715 86,214,103,611 24.19 Unknown National Council for Social Security Fund (6) State-owned A Share – 12,331,645,186 3.46 None China Securities Finance Co., Ltd. State-owned legal person A Share – 2,416,131,540 0.68 None Hong Kong Securities Clearing Company Limited (7) Foreign legal person A Share 288,353,788 2,032,908,217 0.57 None China Life Insurance Company Limited { Traditional { Ordinary insurance products { 005L { CT001 Hu Other entities A Share 330,934,442 1,490,581,307 0.42 None Central Huijin Asset Management Ltd. State-owned legal person A Share – 1,013,921,700 0.28 None Taiping Life Insurance Co., Ltd. State-owned legal person A Share -67,431,400 379,933,713 0.11 None Guofeng Xinghua (Beijing) Private Fund Management Co., Ltd. { Guofeng Xinghua Honghu Zhiyuan Phase III Private Securities Investment Fund No. 1 Other entities A Share – 289,539,799 0.08 None Notes: (1) The above data are based on the Bank ’s register of shareholders as at 30 September 2026. (2) The Bank had no shares subject to restrictions on sales. (3) HKSCC Nominees Limited is a wholly-owned subsidiary of Hong Kong Securities Clearing Company Limited. Central Huijin Investment Ltd. held 100% equity of Central Huijin Asset Management Ltd., and held 66.70% equity of China Securities Finance Co., Ltd. Save as disclosed above, as at 30 September 2026, the Bank is not aware of any connected relations or acting-in-concert relations among the aforementioned shareholders. (4) Except to the extent unknown to HKSCC Nominees Limited, the top 10 shareholders of the Bank did not participate in any margin trading, short selling or refinancing business.
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5 (5) The number of shares held by HKSCC Nominees Limited at the end of the period refers to the total H shares held by it as a nominee on behalf of all institutional and individual investors registered with accounts opened with HKSCC Nominees Limited as at 30 September 2026, which included H shares of the Bank held by the National Council for Social Security Fund and Ping An Asset Management Co., Ltd. (6) At the end of the reporting period, according to the information provided by the National Council for Social Security Fund to the Bank, the National Council for Social Security Fund held 6,765,344,736 H shares of the Bank and 19,096,989,922 A and H shares in aggregate, accounting for 5.36% of the Bank ’s total ordinary shares. (7) The number of shares held by Hong Kong Securities Clearing Company Limited at the end of the period refers to the total A shares (Northbound shares of the Shanghai-Hong Kong Stock Connect) held by it as a nominal holder designated by and on behalf of Hong Kong and foreign investors as at 30 September 2026. ii. Number of preference shareholders and particulars of shareholding NUMBER OF PREFERENCE SHAREHOLDERS AND PARTICULARS OF SHAREHOLDING OF “ʈБᎴ1” Unit: Share Preference share code 360011 Preference share name ʈБᎴ1 Total number of preference shareholders at the end of the reporting period 27 Particulars of shareholding of the top 10 shareholders Name of shareholder Nature of shareholder Class of shares Increase/ decrease of shares as compared to the end of last year Shares held at the end of the period Shareholding percentage (%) Number of shares subject to restrictions on sales Number of pledged/ locked-up/ marked shares China Mobile Communications Group Co., Ltd. State-owned legal person Domestic preference shares – 200,000,000 44.44 – None China National Tobacco Corporation Other entities Domestic preference shares – 50,000,000 11.11 – None China Life Insurance Company Limited State-owned legal person Domestic preference shares – 35,000,000 7.78 – None Ping An Life Insurance Company of China, Ltd. Domestic non-state-owned legal person Domestic preference shares – 30,000,000 6.67 – None
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6 Particulars of shareholding of the top 10 shareholders Name of shareholder Nature of shareholder Class of shares Increase/ decrease of shares as compared to the end of last year Shares held at the end of the period Shareholding percentage (%) Number of shares subject to restrictions on sales Number of pledged/ locked-up/ marked shares China Fund Management Co., Ltd. State-owned legal person Domestic preference shares – 17,855,000 3.97 – None Everbright Securities Asset Management Co., Ltd. State-owned legal person Domestic preference shares – 12,585,000 2.80 – None Shanghai Guotai Haitong Securities Asset Management Co., Ltd. State-owned legal person Domestic preference shares – 11,200,000 2.49 – None China National Tobacco Corporation Shandong Branch Other entities Domestic preference shares – 10,000,000 2.22 – None China National Tobacco Corporation Heilongjiang Branch Other entities Domestic preference shares – 10,000,000 2.22 – None Ping An Property & Casualty Insurance Company of China, Ltd. Domestic non-state-owned legal person Domestic preference shares – 10,000,000 2.22 – None Notes: (1) The above data are based on the Bank ’s register of domestic preference shareholders of “ʈБᎴ1” as at 30 September 2026. (2) China National Tobacco Corporation Shandong Branch and China National Tobacco Corporation Heilongjiang Branch are both wholly-owned subsidiaries of China National Tobacco Corporation; China Life Insurance Company Limited { Traditional { Ordinary insurance products { 005L { CT001 Hu is managed by China Life Insurance Company Limited; Ping An Life Insurance Company of China, Ltd. and Ping An Property & Casualty Insurance Company of China, Ltd. have connected relations. Save as disclosed above, the Bank is not aware of any connected relations or acting-in-concert relations among the aforementioned preference shareholders and among the aforementioned preference shareholders and top 10 ordinary shareholders. (3) “Shareholding percentage ” refers to the percentage of domestic preference shares of “ʈБᎴ1” held by preference shareholders in total number (450 million shares) of domestic preference shares of “ʈБᎴ1”.
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7 NUMBER OF PREFERENCE SHAREHOLDERS AND PARTICULARS OF SHAREHOLDING OF “ʈБᎴ2” Unit: Share Preference share code 360036 Preference share name ʈБᎴ2 Total number of preference shareholders at the end of the reporting period 37 Particulars of shareholding of the top 10 shareholders Name of shareholder Nature of shareholder Class of shares Increase/ decrease of shares as compared to the end of last year Shares held at the end of the period Shareholding percentage (%) Number of shares subject to restrictions on sales Number of pledged/ locked-up/ marked shares China Life Insurance Company Limited State-owned legal person Domestic preference shares – 120,000,000 17.14 – None China Mobile Communications Group Co., Ltd. State-owned legal person Domestic preference shares – 100,000,000 14.29 – None China Credit Trust Co., Ltd. State-owned legal person Domestic preference shares 12,630,000 83,349,000 11.91 – None Bohai International Trust Co., Ltd. State-owned legal person Domestic preference shares – 82,251,000 11.75 – None Everbright Securities Asset Management Co., Ltd. State-owned legal person Domestic preference shares -14,250,000 57,135,000 8.16 – None China National Tobacco Corporation Other entities Domestic preference shares – 50,000,000 7.14 – None Shanghai Tobacco Group Co., Ltd. Other entities Domestic preference shares – 30,000,000 4.29 – None China Fund Management Co., Ltd. State-owned legal person Domestic preference shares -2,550,000 21,565,000 3.08 – None CITIC Securities Company Limited State-owned legal person Domestic preference shares – 16,100,000 2.30 – None SDIC Taikang Trust Co., Ltd. State-owned legal person Domestic preference shares – 15,400,000 2.20 – None
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8 Notes : (1) The above data are based on the Bank ’s register of domestic preference shareholders of “ʈБᎴ2” as at 30 September 2026. (2) China Life Insurance Company Limited { Traditional { Ordinary insurance products { 005L { CT001 Hu is managed by China Life Insurance Company Limited; Shanghai Tobacco Group Co., Ltd., China National Tobacco Corporation Shandong Branch and China National Tobacco Corporation Heilongjiang Branch are all wholly-owned subsidiaries of China National Tobacco Corporation. Save as disclosed above, the Bank is not aware of any connected relations or acting-in-concert relations among the aforementioned preference shareholders and among the aforementioned preference shareholders and top 10 ordinary shareholders. (3) “Shareholding percentage ” refers to the percentage of domestic preference shares of “ʈБᎴ2” held by preference shareholders in total number (700 million shares) of domestic preference shares of “ʈБᎴ2”. III. Other Matters Requiring Attention i. Brief analysis on overall operating activities in the third quarter Set out below are the highlights of the operating results of the Group for the reporting period: For the first nine months of 2026, net profit amounted to RMB288,278 million, representing an increase of 6.03% compared with the same period of last year. Annualised return on average total assets was 0.69%, down by 0.02 percentage points compared with the same period of last year, and annualised return on weighted average equity was 9.33%, up by 0.03 percentage points. Operating income amounted to RMB667,137 million, representing an increase of 9.19% compared with the same period of last year. Net interest income was RMB519,054 million, representing an increase of 9.64%. Annualised net interest margin stood at 1.29%, up by 1 basis point compared with the same period of last year. Non-interest income reported RMB148,083 million, representing an increase of 7.66%, of which net fee and commission income was RMB92,280 million, representing an increase of 1.55%. Operating expenses (excluding taxes and surcharges) were RMB167,742 million, representing an increase of 3.39%. Cost-to-income ratio was 25.14%. The Bank set aside the impairment losses on assets of RMB152,071 million, representing an increase of 19.65%. Specifically, the impairment losses on loans were RMB150,922 million, indicating an increase of 9.78%.
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9 As at the end of the reporting period, total assets amounted to RMB57,823,437 million, representing an increase of RMB4,345,664 million or 8.13% over the end of the previous year. Total loans and advances to customers (excluding accrued interest) amounted to RMB32,234,230 million, representing an increase of RMB1,728,116 million or 5.66%, of which RMB-denominated loans of domestic branches grew by RMB1,641,110 million or 5.68%. In terms of the structure, corporate loans were RMB20,127,674 million, personal loans were RMB8,938,776 million and discounted bills were RMB3,167,780 million. Investments reached RMB19,069,019 million, representing an increase of RMB2,161,604 million or 12.78%. Total liabilities amounted to RMB53,423,272 million, representing an increase of RMB4,217,523 million or 8.57% over the end of the previous year. Due to customers amounted to RMB39,753,110 million, representing an increase of RMB2,441,332 million or 6.54%. In terms of the structure, time deposits were RMB24,584,078 million, demand deposits were RMB14,461,239 million, other deposits were RMB282,095 million and accrued interest was RMB425,698 million. Shareholders ’ equity amounted to RMB4,400,165 million, representing an increase of RMB128,141 million or 3.00% over the end of last year. According to the five-category classification of loans, the balance of non-performing loans ( “NPLs ”) amounted to RMB416,776 million, representing an increase of RMB17,763 million over the end of the previous year. The NPL ratio was 1.29%, representing a decrease of 0.02 percentage points. The allowance to NPLs stood at 211.64%, representing a decrease of 1.96 percentage points. The common equity tier 1 capital adequacy ratio was 13.07%, the tier 1 capital adequacy ratio was 14.27% and the capital adequacy ratio was 18.50%, all meeting regulatory requirements. ii. Progress of significant events Issuance of A shares to specific targets The Bank proposes to issue A shares to specific targets, with the proceeds from the issuance no more than RMB100.0 billion (inclusive). After deducting the relevant issuance expenses, all the proceeds will be fully used to replenish the common equity tier 1 capital of the Bank. For progress on this issuance of A shares to specific targets, please refer to the announcements published by the Bank on the website of the Shanghai Stock Exchange, the “HKEXnews ” website of the Hong Kong Exchanges and Clearing Limited and the website of the Bank.
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10 Issuance and redemption of capital instruments In July-October 2026, the Bank publicly issued three tranches of tier 2 capital bonds of the size of RMB180.0 billion totally in the National Interbank Bond Market. All the raised funds after deducting the issuance expenses are used to replenish the Bank’s tier 2 capital in accordance with applicable laws and the approval of relevant competent authorities. In July-September 2026, the Bank publicly issued two tranches of undated additional tier 1 capital bonds with a total scale of RMB40.0 billion in the National Interbank Bond Market. The raised funds are used to replenish the Bank ’s additional tier 1 capital in accordance with applicable laws and the approval of relevant competent authorities. In September 2026, the Bank redeemed the undated additional tier 1 capital bonds of USD6.16 billion issued in the offshore market in September 2021. For details on the issuance and redemption of capital instruments of the Bank, please refer to the announcements published by the Bank on the website of the Shanghai Stock Exchange, the “HKEXnews ” website of the Hong Kong Exchanges and Clearing Limited and the website of the Bank. Progress of participation in investing in China Integrated Circuit Industry Investment Fund Phase III Co., Ltd. In January 2024, the Bank signed the Promoters ’ Agreement of China Integrated Circuit Industry Investment Fund Phase III Co., Ltd. The Bank intends to invest RMB21.5 billion in China Integrated Circuit Industry Investment Fund Phase III Co., Ltd. The investment has been approved by the National Financial Regulatory Administration. China Integrated Circuit Industry Investment Fund Phase III Co., Ltd. was officially established on 24 May 2024. The Bank paid the subscription of RMB2,795 million and RMB2.15 billion respectively in April and September 2026. The Bank had paid the subscription of RMB8.6 billion in total.
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11 iii. Implementation of cash dividend policy during the reporting period As approved at the First Extraordinary Shareholders ’ Meeting of 2026 held on 23 April 2026, the Bank distributed 2025 year-end cash dividends for ordinary shares of about RMB60,197 million, or RMB1.689 per ten shares (pre-tax), to the ordinary shareholders whose names appeared on the share register after the close of market on 12 May 2026. The Bank distributed cash dividends of RMB3.103 per ten shares (pre-tax) for the whole year of 2025, totaling about RMB110,593 million. Besides, the Bank distributed 2026 interim cash dividends for ordinary shares of RMB1.511 per ten shares (pre-tax). The record date for A shares and H shares was 20 October 2026, the dividend payment date for A shares was 21 October 2026, and the dividend payment date for H shares is 25 November 2026. The distribution plan has been approved at the Second Extraordinary Shareholders ’ Meeting of 2026 held on 29 September 2026. The Bank considered and approved the implementation of dividend distribution for “ʈБᎴ2” at the meeting of the Board of Directors convened on 28 August 2026, and distributed total dividends of RMB2,114 million (pre-tax) for “ʈБᎴ2” on 24 September 2026 at the dividend rate of 3.02% (pre-tax, and tax payable arising from dividend income gained by domestic preference shareholders shall be borne by them in accordance with relevant laws and regulations). The Bank considered and approved the distribution of dividends on “ʈБᎴ1” at the meeting of the Board of Directors on 30 October 2026, planning to distribute the dividends on “ʈБᎴ1” on 23 November 2026 at the dividend rate of 3.14% (pre-tax, and the tax payable on dividends received by holders of domestic preference shares shall be borne by them in compliance with relevant laws and regulations) and the total dividends distributed will be RMB1,413 million (pre-tax).
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12 IV. Quarterly Financial Statements Prepared based on IFRS Accounting Standards Industrial and Commercial Bank of China Limited Consolidated Statement of Profit or Loss { Prepared in accordance with IFRS Accounting Standards For the nine months ended 30 September 2026 (In RMB millions, unless otherwise stated) Three months ended 30 September 2026 Nine months ended 30 September 2026 Three months ended 30 September 2025 Nine months ended 30 September 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Interest income 335,760 996,537 331,513 1,005,116 Interest expense (157,943) (477,483) (171,673) (531,700) NET INTEREST INCOME 177,817 519,054 159,840 473,416 Fee and commission income 26,461 103,052 27,322 101,484 Fee and commission expense (3,416) (10,772) (3,474) (10,616) NET FEE AND COMMISSION INCOME 23,045 92,280 23,848 90,868 Net trading (expenses)/income (962) 9,050 7,962 15,575 Net gains on financial investments 19,784 46,233 9,835 28,129 Other operating income, net 1,290 520 401 2,980 OPERATING INCOME 220,974 667,137 201,886 610,968 Operating expenses (64,413) (175,792) (61,139) (169,709) Credit impairment losses (23,910) (150,928) (22,133) (126,140) Impairment losses on other assets (405) (1,143) (431) (953) OPERATING PROFIT 132,246 339,274 118,183 314,166 Share of results of associates and joint ventures 1,341 4,323 1,472 4,497 PROFIT BEFORE TAXATION 133,587 343,597 119,655 318,663 Income tax expense (21,784) (55,319) (16,576) (46,781) PROFIT FOR THE PERIOD 111,803 288,278 103,079 271,882
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13 Three months ended 30 September 2026 Nine months ended 30 September 2026 Three months ended 30 September 2025 Nine months ended 30 September 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Profit for the period attributable to: Equity holders of the parent company 111,958 285,640 101,805 269,908 Non-controlling interests (155) 2,638 1,274 1,974 PROFIT FOR THE PERIOD 111,803 288,278 103,079 271,882 EARNINGS PER SHARE – Basic (RMB Yuan) 0.30 0.78 0.27 0.73 – Diluted (RMB Yuan) 0.30 0.78 0.27 0.73 Industrial and Commercial Bank of China Limited Consolidated Statement of Profit or Loss { Prepared in accordance with IFRS Accounting Standards (continued) For the nine months ended 30 September 2026 (In RMB millions, unless otherwise stated)
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14 Industrial and Commercial Bank of China Limited Consolidated Statement of Profit or Loss and Other Comprehensive Income { Prepared in accordance with IFRS Accounting Standards For the nine months ended 30 September 2026 (In RMB millions, unless otherwise stated) Three months ended 30 September 2026 Nine months ended 30 September 2026 Three months ended 30 September 2025 Nine months ended 30 September 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Profit for the period 111,803 288,278 103,079 271,882 Other comprehensive income (after tax, net): (a) It ems that will not be reclassified to profit or loss: (i) Changes in fair value of equity instruments designated as at fair value through other comprehensive income 3,523 (1,871) (553) 1,096 (ii) Other comprehensive income recognised under the equity method (51) (70) 9 (9) (iii) Others 15 15 – 1 (b) It ems that may be reclassified subsequently to profit or loss: (i) Changes in fair value of debt instruments measured at fair value through other comprehensive income (6,086) 7,211 (26,184) (25,155) (ii) Credit losses of debt instruments measured at fair value through other comprehensive income 67 (901) (58) (177) (iii) Cash flow hedging reserve 835 (380) (561) 1,187
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15 Three months ended 30 September 2026 Nine months ended 30 September 2026 Three months ended 30 September 2025 Nine months ended 30 September 2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (iv) Other comprehensive income recognised under the equity method (306) (526) (351) (384) (v) Foreign currency translation reserve (3,760) (15,653) (1,488) (3,243) (vi) Others (2,554) (3,778) 6,578 2,368 Subtotal of other comprehensive income for the period (8,317) (15,953) (22,608) (24,316) Total comprehensive income for the period 103,486 272,325 80,471 247,566 Total comprehensive income for the period attributable to: Equity holders of the parent company 102,878 270,297 79,272 246,727 Non-controlling interests 608 2,028 1,199 839 103,486 272,325 80,471 247,566 Industrial and Commercial Bank of China Limited Consolidated Statement of Profit or Loss and Other Comprehensive Income { Prepared in accordance with IFRS Accounting Standards (continued) For the nine months ended 30 September 2026 (In RMB millions, unless otherwise stated)
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16 Industrial and Commercial Bank of China Limited Consolidated Statement of Financial Position { Prepared in accordance with IFRS Accounting Standards As at 30 September 2026 (In RMB millions, unless otherwise stated) 30 September 2026 31 December 2025 (Unaudited) (Audited) ASSETS Cash and balances with central banks 3,491,400 3,674,558 Due from banks and other financial institutions 1,096,886 1,264,019 Derivative financial assets 113,743 130,414 Reverse repurchase agreements 1,151,023 530,737 Loans and advances to customers 31,424,817 29,712,359 Financial investments 19,069,019 16,907,415 Financial investments measured at fair value through profit or loss 919,869 943,953 Financial investments measured at fair value through other comprehensive income 4,364,584 3,823,279 Financial investments measured at amortised cost 13,784,566 12,140,183 Investments in associates and joint ventures 78,149 78,313 Property and equipment 290,099 293,836 Deferred tax assets 112,427 104,289 Other assets 995,874 781,833 TOTAL ASSETS 57,823,437 53,477,773
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17 Industrial and Commercial Bank of China Limited Consolidated Statement of Financial Position { Prepared in accordance with IFRS Accounting Standards (continued) As at 30 September 2026 (In RMB millions, unless otherwise stated) 30 September 2026 31 December 2025 (Unaudited) (Audited) LIABILITIES Due to central banks 201,084 176,793 Due to banks and other financial institutions 5,327,375 5,103,247 Financial liabilities measured at fair value through profit or loss 262,193 150,196 Derivative financial liabilities 95,841 134,082 Repurchase agreements 3,134,484 2,536,376 Certificates of deposit 538,079 502,593 Due to customers 39,753,110 37,311,778 Income tax payable 37,246 23,374 Debt securities issued 3,007,994 2,216,807 Deferred tax liabilities 8,560 6,551 Other liabilities 1,057,306 1,043,952 TOTAL LIABILITIES 53,423,272 49,205,749 EQUITY Equity attributable to equity holders of the parent company Share capital 356,407 356,407 Other equity instruments 364,924 384,657 Preference shares 114,927 114,927 Perpetual bonds 249,997 269,730 Reserves 1,306,649 1,323,043 Retained profits 2,342,752 2,180,152 4,370,732 4,244,259 Non-controlling interests 29,433 27,765 TOTAL EQUITY 4,400,165 4,272,024 TOTAL EQUITY AND LIABILITIES 57,823,437 53,477,773 Liao Lin Liu Jun Xu Zhisheng Chairman Vice Chairman and President Person in charge of Finance and Accounting Department
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18 Industrial and Commercial Bank of China Limited Consolidated Statement of Cash Flows { Prepared in accordance with IFRS Accounting Standards For the nine months ended 30 September 2026 (In RMB millions, unless otherwise stated) Nine months ended 30 September 2026 Nine months ended 30 September 2025 (Unaudited) (Unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation 343,597 318,663 Adjustments for: Share of results of associates and joint ventures (4,323) (4,497) Depreciation 21,350 20,652 Amortisation 4,011 3,845 Credit impairment losses 150,928 126,140 Impairment losses on other assets 1,143 953 Unrealised losses/(gains) on foreign exchange 38,631 (28,502) Interest expense on debt securities issued 38,468 45,501 Accreted interest on impaired loans (1,333) (1,278) Net gains on financial investments (44,360) (33,854) Interest income on financial investments (307,139) (288,634) Net gains on changes in fair value (10,064) (4,172) Net gains on stocktake and disposal of property and equipment and other assets (620) (653) Dividend income (2,872) (2,830) 227,417 151,334
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19 Industrial and Commercial Bank of China Limited Consolidated Statement of Cash Flows { Prepared in accordance with IFRS Accounting Standards (continued) For the nine months ended 30 September 2026 (In RMB millions, unless otherwise stated) Nine months ended 30 September 2026 Nine months ended 30 September 2025 (Unaudited) (Unaudited) CASH FLOWS FROM OPERATING ACTIVITIES (continued) Net (increase)/decrease in operating assets: Due from central banks (164,650) (59,196) Due from banks and other financial institutions 204,965 170,726 Financial assets measured at fair value through profit or loss 50,805 (14,271) Reverse repurchase agreements (67,030) 89,170 Loans and advances to customers (1,902,440) (2,190,172) Other assets (301,504) (156,703) (2,179,854) (2,160,446) Net increase/(decrease) in operating liabilities: Financial liabilities measured at fair value through profit or loss 111,222 41,737 Due to central banks 24,258 (7,752) Due to banks and other financial institutions 273,326 466,823 Repurchase agreements 600,615 655,389 Certificates of deposit 50,403 24,825 Due to customers 2,599,448 2,578,493 Other liabilities (113,203) (147,131) 3,546,069 3,612,384 Net cash flows from operating activities before taxation 1,593,632 1,603,272 Income tax paid (48,982) (54,065) Net cash flows from operating activities 1,544,650 1,549,207
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20 Industrial and Commercial Bank of China Limited Consolidated Statement of Cash Flows { Prepared in accordance with IFRS Accounting Standards (continued) For the nine months ended 30 September 2026 (In RMB millions, unless otherwise stated) Nine months ended 30 September 2026 Nine months ended 30 September 2025 (Unaudited) (Unaudited) CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property and equipment and other assets (30,409) (27,115) Proceeds from disposal of property and equipment and other assets 8,809 9,730 Purchases of financial investments (6,308,081) (6,319,518) Proceeds from sale and redemption of financial investments 4,076,190 4,035,220 Investments in associates and joint ventures (14) (2,172) Proceeds from disposal of associates and joint ventures – 183 Investment returns received 346,820 325,244 Cash receipts from other investing activities – 121 Net cash flows from investing activities (1,906,685) (1,978,307) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of other equity instruments 90,000 47,000 Proceeds from issuance of debt securities 2,080,333 2,245,725 Interest paid on debt securities (36,139) (41,820) Repayments of debt securities (1,283,918) (1,917,611) Cash payments to redeem other equity instruments (111,407) (20,822) Dividends paid on ordinary shares (88,192) (109,773) Dividends or interest paid to other equity instrument holders (8,705) (8,662) Dividends paid to non-controlling shareholders (138) (219) Cash payments for other financing activities (4,844) (3,724) Net cash flows from financing activities 636,990 190,094 NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 274,955 (239,006) Cash and cash equivalents at beginning of the period 1,769,010 2,290,404 Effect of exchange rate changes on cash and cash equivalents (34,965) (7,088) CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 2,009,000 2,044,310 NET CASH FLOWS FROM OPERATING ACTIVITIES INCLUDE: Interest received 709,848 749,033 Interest paid (528,083) (574,406)
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21 V. Release of Quarterly Report The report will be published simultaneously on the “HKEXnews ” website of the Hong Kong Exchanges and Clearing Limited (www.hkexnews.hk) and the website of the Bank (www.icbc-ltd.com). The quarterly report prepared in accordance with PRC GAAP will also be published simultaneously on the website of the Shanghai Stock Exchange (www.sse.com.cn) and the website of the Bank (www.icbc-ltd.com). This report is prepared in both Chinese and English. In case of any discrepancy between the two versions, the Chinese version shall prevail. By Order of The Board of Directors of Industrial and Commercial Bank of China Limited Beijing, China 30 October 2026 As at the date of this announcement, the Board of Directors comprises Mr. LIAO Lin, Mr. LIU Jun, Mr. DUAN Hongtao and Mr. WANG Jingwu as executive directors, Mr. DONG Yang, Ms. ZHONG Mantao and Ms. LIU Fang as non-executive directors, Mr. Norman CHAN Tak Lam, Mr. Herbert WALTER, Mr. Murray HORN, Mr. CHEN Guanting, Mr. LI Weiping and Mr. LEE Kam Hung Lawrence as independent non-executive directors.
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22 Appendix: Industrial and Commercial Bank of China Limited Pillar 3 Information for the Third Quarter of 2026 The following information is prepared and disclosed in accordance with the Decree of National Financial Regulatory Administration [No. 4, 2023] Rules on Capital Management of Commercial Banks. i. KM1: Key Prudential Regulatory Indicators for Regulatory Consolidation In RMB millions, except for percentages As at 30 September 2026 As at 30 June 2026 As at 31 March 2026 As at 31 December 2025 As at 30 September 2025 AVAILABLE CAPITAL (AMOUNT) 1 Net common equity tier 1 capital 3,982,891 3,940,780 3,920,107 3,837,149 3,801,753 2 Net tier 1 capital 4,348,591 4,306,278 4,305,588 4,222,676 4,147,263 3 Net capital base 5,638,011 5,539,090 5,382,932 5,302,796 5,281,125 RISK-WEIGHTED ASSETS (AMOUNT) 4 Total risk-weighted assets 30,478,278 29,832,780 29,565,804 28,269,948 28,022,090 4a Total risk-weighted assets (before capital floor) 30,478,278 29,832,780 29,565,804 28,269,948 28,022,090 CAPITAL ADEQUACY RATIO 5 Common equity tier 1 capital adequacy ratio (%) 13.07 13.21 13.26 13.57 13.57 5a Common equity tier 1 capital adequacy ratio (%) (before capital floor) 13.07 13.21 13.26 13.57 13.57 6 Tier 1 capital adequacy ratio (%) 14.27 14.43 14.56 14.94 14.80 6a Tier 1 capital adequacy ratio (%) (before capital floor) 14.27 14.43 14.56 14.94 14.80 7 Capital adequacy ratio (%) 18.50 18.57 18.21 18.76 18.85 7a Capital adequacy ratio (%) (before capital floor) 18.50 18.57 18.21 18.76 18.85 ADDITIONAL CAPITAL REQUIREMENTS 8 Capital conservation buffer requirement (%) 2.50 2.50 2.50 2.50 2.50 9 Countercyclical buffer requirement (%) – – – – –
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23 As at 30 September 2026 As at 30 June 2026 As at 31 March 2026 As at 31 December 2025 As at 30 September 2025 10 Capital surcharge for global systemically important banks (G-SIBs) or domestic systemically important banks (%) (1) 1.50 1.50 1.50 1.50 1.50 11 Additional capital requirements (%) (8+9+10) 4.00 4.00 4.00 4.00 4.00 12 Ratio of net common equity tier 1 capital available after meeting minimum capital requirements to risk-weighted assets (%) 8.07 8.21 8.26 8.57 8.57 LEVERAGE RATIO 13 Balance of adjusted on- and off-balance sheet assets 60,709,873 59,845,527 58,502,718 56,236,976 55,317,988 14 Leverage ratio (%) 7.16 7.20 7.36 7.51 7.50 14a Leverage ratio a (%) (2) 7.16 7.20 7.36 7.51 7.50 14b Leverage ratio b (%) (3) 7.21 7.21 7.31 7.51 7.47 14c Leverage ratio c (%) (4) 7.21 7.21 7.31 7.51 7.47 LIQUIDITY COVERAGE RATIO (5) 15 High-quality liquid assets 12,779,219 12,335,345 11,746,205 11,479,739 10,658,311 16 Net cash outflows 9,183,235 8,823,325 8,597,195 8,284,364 8,300,742 17 Liquidity coverage ratio (%) 138.88 138.96 135.86 138.61 128.35 NET STABLE FUNDING RATIO 18 Total available stable funding 37,721,435 37,079,605 36,289,083 34,795,660 35,161,941 19 Total required stable funding 29,353,751 29,108,474 28,794,644 27,539,574 27,445,841 20 Net stable funding ratio (%) 128.51 127.38 126.03 126.35 128.11 Notes: (1) The Group was reclassified into Bucket 3 of the global systemically important banks in November 2025 and is required to meet the additional capital requirement of 2.0% as from 1 January 2027, while the 1.5% additional capital requirement applicable to Bucket 2 banks was still applied during the reporting period. (2) Refers to the leverage ratio taking no account of temporary exemption of central bank reserves. (3) Refers to the leverage ratio taking into account temporary exemption of central bank reserves and calculated by adopting the simple arithmetic average of daily balance of securities financing transactions for the recent quarter. (4) Refers to the leverage ratio taking no account of temporary exemption of central bank reserves and calculated by adopting the simple arithmetic average of daily balance of securities financing transactions for the recent quarter. (5) Refers to the simple arithmetic average of daily values for the recent quarter.
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24 ii. KM2: Key Prudential Regulatory Indicators for the Total Loss-Absorbing Capacity of the Resolution Group In RMB millions, except for percentages As at 30 September 2026 As at 30 June 2026 As at 31 March 2026 As at 31 December 2025 As at 30 September 2025 1 Total Loss-Absorbing Capacity ( “TLAC”) 6,509,962 6,394,902 6,182,077 6,069,544 6,031,677 2 Total risk-weighted assets of the resolution group 30,478,278 29,832,780 29,565,804 28,269,948 28,022,090 3 TLAC as a percentage of risk-weighted assets (row 1/row 2) 21.36% 21.44% 20.91% 21.47% 21.52% 4 Balance of adjusted on- and off-balance sheet assets of the resolution group 60,709,873 59,845,527 58,502,718 56,236,976 55,317,988 5 TLAC as a percentage of leverage exposure measure (row 1/row 4) 10.72% 10.69% 10.57% 10.79% 10.90% Note: According to the Administrative Measures on the Total Loss-absorbing Capacity of Global Systemically Important Banks, as from 1 January 2025, the external TLAC risk-weighted ratio shall not be lower than 16%, and the capital buffer requirement shall be 4% (comprising a capital conservation buffer requirement of 2.5% and a capital surcharge for G-SIBs of 1.5%), with the total required ratio reaching 20%.
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25 iii. OV1: Overview of Risk-Weighted Assets In RMB millions Risk-weighted assets Minimum capital requirements As at 30 September 2026 As at 30 June 2026 As at 30 September 2026 1 Credit risk 27,987,419 27,307,362 2,238,995 2 Credit risk (excluding counterparty credit risk, credit valuation adjustment risk, banking book asset management products and banking book asset securitization) 26,828,127 26,232,700 2,146,251 3 Of which: Weighted approach 8,992,075 8,788,599 719,366 4 Of which: Ex posure formed in the settlement process of securities, commodities and foreign exchange transactions 15 0 1 5 Of which: Am ounts below the thresholds for deduction 416,199 417,587 33,296 6 Of which: Foundation IRB approach 14,451,395 14,052,271 1,156,112 7 Of which: Supervisory slotting approach – – – 8 Of which: Advanced IRB approach 3,384,657 3,391,830 270,773 9 Counterparty credit risk 257,023 239,100 20,562 10 Of which: Standardized approach 257,023 239,100 20,562 11 Of which: Current exposure method – – – 12 Of which: Other approaches – – – 13 Credit valuation adjustment 66,165 57,938 5,293 14 Asset management products in banking book 823,011 762,856 65,841 15 Of which: Look-through approach 272,156 203,229 21,772 16 Of which: Mandate-based approach 552,946 561,438 44,236
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26 Risk-weighted assets Minimum capital requirements As at 30 September 2026 As at 30 June 2026 As at 30 September 2026 17 Of which: 1250% risk weight applied 19 14 2 18 Securitization exposures in banking book 13,093 14,768 1,048 19 Of which: Securitization IRB approach – – – 20 Of which: Se curitization external ratings-based approach 74 78 6 21 Of which: Securitization standardized approach – – – Of which: 1250% risk weight applied 13,019 14,690 1,042 22 Market risk 618,444 647,143 49,476 23 Of which: Standardized approach 618,444 647,143 49,476 24 Of which: Internal model approach – – – 25 Of which: Simplified standardized approach – – – 26 Capital charge for switch between trading book and banking book 83,505 89,365 6,680 27 Operational risk 1,788,910 1,788,910 143,113 28 Additional adjustment due to the application of capital floor – – 29 Total 30,478,278 29,832,780 2,438,264 iv. GSIB1: Assessment Indicators of G-SIBs For details on the assessment indicators of G-SIBs of the Group for the previous periods, please refer to the annual reports published by the Bank on the website of the Bank. The web link is as follows: https://www.icbc-ltd.com/en/column/1438058343653851171.html
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27 v. LR1: Differences between Regulatory Leverage Ratio Items and Accounting Items In RMB millions As at 30 September 2026 1 Total consolidated assets as per published financial statements 57,823,437 2 Consolidated adjustments for accounting purposes but outside the scope of regulatory consolidation (416,590) 3 Adjustments for fiduciary assets – 4 Adjustments for derivative financial instruments 421,668 5 Adjustments for securities financing transactions 181,497 6 Adjustments for off-balance sheet items 2,724,981 7 Adjustments for asset securitization transactions – 8 Adjustments for unsettled financial assets – 9 Adjustments for eligible cash pooling transactions – 10 Adjustments for central bank reserves (if applicable) – 11 Adjustments for prudent valuation adjustments and allowance for impairment losses – 12 Other adjustments (25,120) 13 Balance of adjusted on- and off-balance sheet assets 60,709,873 vi. LR2: Leverage Ratio In RMB millions, except for percentages As at 30 September 2026 As at 30 June 2026 BALANCE OF ON-BALANCE SHEET ASSETS 1 On-balance sheet exposures (excluding derivatives and securities financing transactions) 56,926,770 56,308,622 2 Less: Allowance for impairment losses (943,187) (958,924)
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28 As at 30 September 2026 As at 30 June 2026 3 Less: As set amounts deducted in determining Basel III tier 1 capital (25,120) (23,834) 4 Balance of adjusted on-balance sheet assets (excluding derivatives and securities financing transactions) 55,958,463 55,325,864 DERIVATIVE EXPOSURES 5 Replacement cost associated with all derivatives (net of eligible cash variation margin, taking into account the impact of bilateral netting agreements) 98,762 106,028 6 Add-on amounts for potential future exposure associated with all derivatives 432,241 404,117 7 Gross-up for derivatives collateral provided where deducted from the balance sheet assets pursuant to the operative accounting framework – – 8 Less: De ductions of receivables assets for cash variation margin provided in derivatives transactions – – 9 Less: Ex empted central counterparties leg of client-cleared trade exposures – – 10 Effective notional amount of written credit derivatives 4,408 4,207 11 Less: Ad justed effective notional deductions for written credit derivatives – – 12 Total derivative exposures 535,411 514,352 SECURITIES FINANCING TRANSACTION EXPOSURES 13 Gross securities financing transaction assets (with no recognition of netting), after adjusting for sale accounting transactions 1,309,521 1,180,864 14 Less: Ne tted amounts of cash payables and cash receivables of gross securities financing transaction assets – – 15 Counterparty credit risk exposure for securities financing transaction assets 181,497 157,169 16 Agent transaction exposures – – 17 Total securities financing transaction exposures 1,491,018 1,338,033
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29 As at 30 September 2026 As at 30 June 2026 OFF-BALANCE SHEET EXPOSURES 18 Off-balance sheet exposures at gross notional amount 10,284,619 9,945,308 19 Less: Adjustments for conversion to credit equivalent amounts (7,541,139) (7,256,463) 20 Less: Allowance for impairment losses (18,499) (21,567) 21 Balance of adjusted off-balance sheet assets 2,724,981 2,667,278 NET TIER 1 CAPITAL AND BALANCE OF ADJUSTED ON- AND OFF-BALANCE SHEET ASSETS 22 Net tier 1 capital 4,348,591 4,306,278 23 Balance of adjusted on- and off-balance sheet assets 60,709,873 59,845,527 LEVERAGE RATIO 24 Leverage ratio 7.16% 7.20% 24a Leverage ratio a (1) 7.16% 7.20% 25 Minimum leverage ratio requirement 4.00% 4.00% 26 Applicable leverage buffers 0.75% 0.75% DISCLOSURE OF AVERAGE VALUES 27 Daily average balances of securities financing transactions for the quarter 916,106 1,076,443 27a Quarter-end value of securities financing transactions 1,309,521 1,180,864 28 Balance of adjusted on- and off-balance sheet assets a (2) 60,316,458 59,741,106 28a Balance of adjusted on- and off-balance sheet assets b (3) 60,316,458 59,741,106 29 Leverage ratio b (4) 7.21% 7.21% 29a Leverage ratio c (5) 7.21% 7.21% Notes: (1) Refers to the leverage ratio taking no account of temporary exemption of central bank reserves. (2) Refers to the balance of adjusted on- and off-balance sheet assets taking into account temporary exemption of central bank reserves and calculated by adopting the simple arithmetic average of daily balance of securities financing transactions for the recent quarter. (3) Refers to the balance of adjusted on- and off-balance sheet assets taking no account of temporary exemption of central bank reserves and calculated by adopting the simple arithmetic average of daily balance of securities financing transactions for the recent quarter.
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30 (4) Refers to the leverage ratio taking into account temporary exemption of central bank reserves and calculated by adopting the simple arithmetic average of daily balance of securities financing transactions for the recent quarter. (5) Refers to the leverage ratio taking no account of temporary exemption of central bank reserves and calculated by adopting the simple arithmetic average of daily balance of securities financing transactions for the recent quarter. vii. LIQ1: Liquidity Coverage Ratio In RMB millions, except for percentages Third quarter of 2026 Total unweighted value Total weighted value HIGH-QUALITY LIQUID ASSETS 1 Total high-quality liquid assets ( “HQLA”) 12,779,219 CASH OUTFLOWS 2 Retail deposits and deposits from small business customers 21,813,263 2,177,183 3 Of which: Stable deposits 66,150 2,472 4 Of which: Less stable deposits 21,747,113 2,174,711 5 Unsecured wholesale funding 20,804,726 8,269,525 6 Of which: Op erational deposits (excluding those generated from correspondent banking activities) 9,219,158 2,242,674 7 Of which: Non-operational deposits (all counterparties) 11,449,148 5,890,431 8 Of which: Unsecured debt 136,420 136,420 9 Secured funding 6,696 10 Additional requirements 4,765,047 2,197,951 11 Of which: Ou tflows related to derivative exposures and other collateral requirements 1,973,439 1,973,439 12 Of which: Ou tflows related to loss of funding on debt products – – 13 Of which: Credit and liquidity facilities 2,791,608 224,512 14 Other contractual funding obligations 101,836 101,762 15 Other contingent funding obligations 8,481,394 113,735 16 Total cash outflows 12,866,852
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31 Third quarter of 2026 Total unweighted value Total weighted value CASH INFLOWS 17 Secured lending (including reverse repos and securities borrowing) 666,126 626,251 18 Inflows from fully performing exposures 1,955,827 1,095,401 19 Other cash inflows 1,967,543 1,961,965 20 Total cash inflows 4,589,496 3,683,617 Total adjusted value 21 Total HQLA 12,779,219 22 Total net cash outflows 9,183,235 23 Liquidity coverage ratio (%) 138.88 Note: Data of the above table are the simple arithmetic average of the 92 calendar days ’ figures of the recent quarter. The daily average liquidity coverage ratio for the third quarter of 2026 was 138.88%, 0.08 percentage points lower than the previous quarter. High-quality liquid assets cover cash, available central bank reserve under stress and primary and secondary bond assets that can be included in the liquidity coverage ratio under the regulatory requirements.