Slides
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2026 Interim Results 28 August 2026
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2 This presentation and subsequent discussions may contain forward-looking statements that involve risks and uncertainties. These statements are generally indicated by the use of forward-looking terminology such as believe, expect, anticipate, estimate, plan, project, target, may or will, or may be expressed as being the results of actions that may or are expected to occur in the future. You should not place undue reliance on these forward-looking statements, which reflect our belief only as of the date of this presentation. These forward-looking statements are based on our own information and on information from other sources we believe to be reliable. Our actual results may be materially less favorable than those expressed or implied by these forward-looking statements which could depress the market price of our local shares and Level 1 ADSs. Disclaimer
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Agenda Strategy Review Outlook Financial & Business Results 01 02 03
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Strategy Review
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5 22,160 23,739 Profit Attributable to Equity Holders ROE Shareholder Return 1H261H25 +7.1% YoY 12.86% 13.18% 1H261H25 +0.32 ppt YoY HK$m Three-year shareholder return programme for 2026-2028: ✓ Orderly increase in dividend payout ratio within the established range ✓ Plan to provide extra shareholder return of at least HK$10.5 billion during the three years ✓ Special DPS of HK$0.2388 announced for FY2026 1H26 interim DPS totalled HK$0.58 Solid Growth in Operating Results with Special Dividend to Reward our Shareholders
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*Based on data for 1Q26 released by Hong Kong Investment Funds Association **Based on data for 1Q26 released by Insurance Authority 6 Consolidating Business Advantages Deepening Core Businesses Private Wealth customers up 11% YoY while number of Private Wealth Centres increased to 11 Market share* in retail banking fund distribution steadily improved Value of payroll amount up 13% Assets under custody up 35% Value of bonds underwritten up 29%; #1 in offshore RMB bond underwriting Enhancing Integrated Service Capabilities BOC Life’s standard new premiums up 28%, #2** in the market BOCI-Prudential’s MPF AUM up 14%, ranking among the top in market BOCHK Asset Management’s AUM and AUA up 14% BOCHK acted as settlement institution, designated vault and direct participant of HK’s central clearing and settlement system for gold Bloomberg Businessweek/Chinese Edition Received 9 industry awards at the Financial Institutions 2026 Awards The Asian Banker Named “Best Retail Bank in the World, Asia Pacific and Hong Kong” at TAB Global Excellence in Retail Finance Awards 2026 #1 in cumulative number of new residential mortgage loans #1 mandated arranger in HK/Macau syndicated loan market for 21 consecutive years; completed our first Islamic syndicated loan Led the market in cash pooling business, with cash pool numbers up 14% Market leader in IPO receiving bank business in terms of fundraising amount, accumulating deposits of over HK$150.0 billion Strengthening Integrated Service Capabilities while Deepening Local Market Commitment
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Assisted a South Korean policy bank and an Australian commercial bank in issuing “Wonton bonds” 7 Remained at the forefront of Stock Connect, Bond Connect, Swap Connect, Wealth Management Connect and Payment Connect businesses, and served as an authorised bank for the cross-border disbursement of portable cash assistance Introduced “Redefine Retirement. Refine Life”, an integrated retirement financial service solution Joined the “Northern Metropolis Financial Advisory Taskforce” to support the accelerated construction of the Northern Metropolis; grew innovative tech customer base by 2.6% YTD Customer Deposits* Customer Loans* Operating Income* NPL Ratio** +4.0% YTD +9.6% YTD +1.0% YoY 2.08% -0.03ppt YTD SEA-related Businesses Launched the “BOC Guangdong Enterprise Treasury Centre Service Solution” to support Guangdong enterprises in overseas expansion Rolled out “Global Account Service” in tandem with BOC Consolidating Cross-border Business Advantages while Deepening Regional Synergy *Includes all SEA-related businesses within the Group **Combined data of nine SEA entities. The non-performing loan ratio was calculated in accordance with local regulatory requirements
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Cementing Business Advantages *Based on the data of the RTGS system published by HKICL **Based on SWIFT data 8 Maintained leadership in offshore RMB clearing, with the combined RMB clearing volume of BOC Malaysia, Manila Branch and Phnom Penh Branch increasing by 24% The Jakarta Branch was appointed as the RMB Clearing Bank for Indonesia Remained #1 in market coverage in terms of the number of indirect CIPS participants Became the world’s first offshore e-CNY custodian bank Led the market in RMB loans and deposits; ranked #1 in RMB standard new premiums in 1Q26 for the 14th consecutive year Actively participated in the HKMA’s RMB Business Facility Became one of the first LCH clearing members to enable clients to deposit off-shore RMB- denominated Chinese Government Bonds (CGB) as collateral Served as a designated liquidity provider for HKEX’s newly-launched CGB futures contracts Cleared SEA entities’ RMB outward remittance transactions on iGTB via CIPS Again assisted the Indonesian government in issuing “Dim Sum bonds” Supporting Innovative Development Offshore RMB Public Offering Bond Underwriting Amount RMB Fund Sales Amount HK’s RMB Clearing Volume 70%+ of the Global Offshore Market** Supporting Offshore Market Development to Promote the International Use of RMB
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Supporting Financial Infrastructure Joined the CBETS platform as one of its first participants, and became the world’s first offshore e-CNY custodian bank Participated in preparatory work for the wholesale CBDC pilot project, and used e-HKD to make advance margin payments in derivatives trading Expanded mBridgebusiness and sustained our leadership in transaction volume; supported BOC Macau Branch to execute Macau’s first mBridgecross-border remittance Supported HKMA’s EnsembleTX pilot and continuously explored business opportunities in tokenisation Empowering Business Development Selected for Phase 2 of the HKMA’s GenA.I. sandbox programme, and developed innovative application prototypes of “InvestGPT” and “Voicebot” Nearly 90% of personal banking transaction volumes were online, of which fund and bond transactions accounted for more than 70% iGTB transaction volume rose by 17%, while registered users of “BOC Connect” increased by 33% BoC Pay+ customer base expanded by 8.1% and BoC Bill settlement volume grew by 17.6% 9 Strengthening Technology Governance Advanced the development of an integrated GenA.I. platform and further enhanced our digitalisation KPI framework Strengthened data governance mechanisms, with the overall compliance rate of key data reaching 99.81% Upgraded intelligent anti-fraud management and deployed intelligent office assistants, achieving gradual adoption in SEA entities Sponsored the BOCHK Science and Technology Innovation Prize for 4 consecutive years, and organised the 10th BOCHK Challenge 9 Refining the Top-level Design of Financial Digitalisation while Deepening Digital and Intelligent Transformation
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Promoting Green Finance New Personal Green Deposits ESG Bond Underwriting Amount Banking Book ESG Bond Investments Fulfilling Corporate Social Responsibilities Waived UnionPay network ATM withdrawal fees for the elderly customers Rolled out “Anti-fraud Education” promotion trucks, and introduced “Trusty”, BOCHK’s anti- fraud ambassador, to promote anti-fraud and AML information Supported 20+ charity projects and launched 90+ volunteer activities Named “HK’s Best Bank for Corporate Responsibility” by Euromoney for 3 consecutive years Awarded “Asia’s Best CSR”by Corporate Governance Asia for 5 consecutive years Green & Sustainability -related Loans 10 Delivering on Our CSR and Sustainable Development Commitments Supported implementation of Hong Kong Taxonomy for Sustainable Finance (Phase 2A) BOC Life completed its first carbon audit on climate action and green operations Hosted 2026 BOCHK Sustainable Supplier Forum to drive green and low-carbon transition in supply chains Achieved the top MSCI AAA ESG rating and Sustainalytics “Low Risk” ESG score
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Financial & Business Results
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* Including the funding income or cost of FX swap contracts Net Fee & Commission Income Other Non- Interest Income* Taxation & Others 1H25 Profit after Taxation Operating Expenses Net Loss from Disposal of / Fair Value Adjustments on Investment Properties 1H26 Profit after Taxation Impairment Allowances Net Interest Income* 12 22,804 24,356 949 (366) (817) (564) 846 1,043 461 (+3.3%) (-5.8%) (-17.0%) (+6.7%) (-25.5%) (n.a.) (-10.0%) (+6.8%) HK$m Solid Operating Results
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2026.062025.12 3,037,1742,944,188 +4.0% +0.5 ppt CASA ratio: 53.8% Customer Deposits up 3.2% Leading Market Position 13 2026.06 14.74% HK$m Time and Other Deposits Current and Saving Deposits (CASA) Deposit Market Share Further Improved Deposit Mix
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732,792 +6.3% 634,715 +3.8% 49,755 +20.8% 2025.12 2026.06 Loan Market Share Leading Market PositionCustomer Loans up 5.9% 14 401,356 +7.0% 2026.06 16.18% Loans for use in HK - Corporates Loans for use in HK - Individuals Loans for use outside HK Trade Financing HK$m Broad-based Growth in Customer Loans
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1H25 1H261H25 1H26 +1.4%+3.3% 3,843,7223,790,681 28,985 29,934 3Q25 4Q25 1Q26 2Q26 15 Net Interest Income up 3.3% NIM Expansion YoY 1H26: 1.57% +3 bps YoY 2Q251Q25 HK$m HK$m Average Interest-earning AssetsNet Interest Income* * Including the funding income or cost of FX swap contracts Net Interest Margin* Net Interest Income* 1.55% 1.53% 1.54% 1.71% 1.59% 1.55% Steady Growth in Net Interest Income 14,810 14,175 14,391 16,398 14,934 15,000
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16 Net Fee Income up 19% HoH Personal Banking (PB) and Wealth Management 3,547 3,429 3,535 3,241 3,145 3,089 1,355 513 1,378 1H25 2H25 1H26 5,025 6,345 5,979 Group Insurance Business BOC Life’s standard new premiums +27.9% YoY BOC Life’s value of new business +55.7% YoY Wealth management income from PB +14% YoY Investment product distribution income* from PB +50% YoY Insurance distribution income from PB +18% YoY * Includes income related to funds and bonds TRB of high-end customers up 10% YoY Number of Private Wealth customers up 11% YoY Contractual service margin balance +23.6% YTD HK$m Net Fee and Commission Income Non-credit-related Business: Traditional Fee Services Credit-related Business: Loan Commissions Investment and Insurance-related Businesses Growth Driven by Wealth Management and Insurance Solid Performance in Fee Income and Wealth Management
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36.7% 33.4% 8,416 392 14 52 8,980106 * 17 1H25 1H26 Satisfying Core Requirements while Focusing on Key Initiatives Outperforming the Market in Cost-to-income Ratio HK$m Market Average BOCHK Market data source: HKMA, *1Q26 1H25 Staff Costs Premises & Equipment D&A# Others 1H26 21.0% 22.5% Cost Efficiency Remained Sound #Depreciation & Amortisation
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18 Improved Credit Cost 2025.12 2026.06 643 104 763 524 1,858 1,757 1H25 Net Charge of Impairment Allowances – Advances and Other Accounts Annualised Credit Cost 0.27% 0.39% 2,385 3,264 1H26 Stage 1 Stage 2 Stage 3 1.14% 0.89% Better-than-market Impaired Loan Ratio Market Average BOCHK Market data source: HKMA; data were classified loan ratios HK$m Stable and Solid Asset Quality 2.01% 1.82%
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25.71% -0.27 ppt 23.80% -0.21 ppt 19 Solid Capital Ratios Sufficient Liquidity 2025.12 2026.06 23.80% -0.21 ppt 2H251H25 1H26 Liquidity Coverage Ratio (Average) Net Stable Funding Ratio (Average) 208.42% 187.83% 174.44% 140.01% 142.69% 143.62% Total Capital Ratio Tier 1 Capital Ratio CET 1 Capital Ratio Sound Capital and Liquidity Position
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Outlook
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21 Challenges Profound shifts in the geopolitical landscape Financial markets face increased uncertainty Opportunities China’s 15th Five-Year Plan charts a clear direction HKSAR’s first Five-Year Plan aligns accordingly New cross-border business opportunities emerge from “Going Global” Chinese enterprises Solid progress in the international use of RMB Hong Kong becomes a critical pivot for major strategic initiatives, and a technology-driven agenda is pursued by the HKSAR Government Monetary policies skew towards tightening SEA economies exhibit growth divergence AI innovation reshapes the financial landscape, imposing new development requirements on banks Second Half Outlook
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Benchmark of Regional HQ Benchmark of Customer Trust Benchmark of Cross-border Finance Benchmark of Employee RecognitionCore Elements Development Vision Align with National & BOC Group Strategies, continuing to implement the concept of Sustainability Development Strengthen Regional Centre Solidify Business Centre Increase Regionalisation Capability Refine Integrated Service Capability Strengthen Talent Pool Cultivate Corporate Culture Upgrade Intelligent Operations Enhance Comprehensive Risk Management Secure Financial Resources Hong Kong Market Leader GBA Market Pioneer SEA Deep Participant Belt & Road Strategic Participant Promote Digitalisation Capability Strategic Vision Development Strategies Building the Best Regional Bank Strategic Plan for 2026 to 2030 Strategic Ideation Centres Strategic Competitiveness Strategic Markets Strategic Support 22
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Appendices
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Income Statement and Balance Sheet Summary *Including the funding income or cost of FX swap contracts Balance sheet summary (HK$m) 2026.06 2025.12 Change Total assets 4,773,371 4,495,238 6.2% Advances to customers 1,818,618 1,717,092 5.9% Total liabilities 4,407,554 4,129,955 6.7% Deposits from customers 3,037,174 2,944,188 3.2% Total equity 365,817 365,283 0.1% Per share (HK$) 1H2026 1H2025 Change 2H2025 Change Basic earnings per share 2.2453 2.0959 7.1% 1.7014 32.0% Interim dividend per share 0.5800 0.5800 - 1.5450 -62.5% Income statement summary (HK$m) 1H2026 1H2025 Change 2H2025 Change Net interest income* 29,934 28,985 3.3% 30,789 -2.8% Net fee and commission income 5,979 6,345 -5.8% 5,025 19.0% Other non-interest income* 3,990 4,807 -17.0% 1,281 211.5% Net operating income before impairment allowances 39,903 40,137 -0.6% 37,095 7.6% Operating expenses (8,980) (8,416) 6.7% (9,959) -9.8% Pre-provision Operating Profit (PPoP) 30,923 31,721 -2.5% 27,136 14.0% Net charge of impairment allowances (2,472) (3,318) -25.5% (4,976) -50.3% Operating profit 28,451 28,403 0.2% 22,160 28.4% Profit for the period 24,356 22,804 6.8% 18,412 32.3% Profit attributable to equity holders of the Company 23,739 22,160 7.1% 17,988 32.0% 24
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(HK$m / %) 1H2026 1H2025 Assets Average balance Average yield Average balance Average yield Balances and placements with banks and other financial institutions 484,080 2.16% 635,043 2.14% Debt securities investments and other debt instruments 1,599,319 3.10% 1,470,353 3.26% Advances to customers and other accounts 1,725,899 3.27% 1,667,155 3.78% Other interest-earning assets 34,424 2.13% 18,130 4.33% Total interest-earning assets 3,843,722 3.05% 3,790,681 3.31% *Including the funding income or cost of FX swap contracts (HK$m / %) 1H2026 1H2025 Liabilities Average balance Average rate Average balance Average rate Deposits and balances from banks and other financial institutions 310,651 1.38% 275,486 1.55% Current, savings and time deposits 2,726,722 1.89% 2,778,824 2.37% Subordinated liabilities 77,875 2.16% 73,324 2.15% Other interest-bearing liabilities 146,659 2.04% 116,560 2.60% Total interest-bearing liabilities 3,261,907 1.85% 3,244,194 2.30% % 1H2026 1H2025 Net interest margin 1.48% 1.34% Net interest margin (adjusted)* 1.57% 1.54% Average Balances and Average Interest Rates 25
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Fee and Commission Income HK$m 1H2026 1H2025 Change 2H2025 Change Securities brokerage 1,610 1,579 2.0% 1,711 -5.9% Credit card business 1,474 1,314 12.2% 1,446 1.9% Loan commissions 1,378 1,355 1.7% 513 168.6% Insurance 691 1,162 -40.5% 829 -16.6% Funds distribution 690 445 55.1% 512 34.8% Payment services 401 388 3.4% 388 3.4% Trust and custody services 397 509 -22.0% 393 1.0% Currency exchange 252 247 2.0% 256 -1.6% Bills commissions 246 214 15.0% 238 3.4% Safe deposit box 143 146 -2.1% 147 -2.7% Funds management 98 55 78.2% 93 5.4% Others 622 729 -14.7% 561 10.9% Fees and commission income 8,002 8,143 -1.7% 7,087 12.9% Fees and commission expense (2,023) (1,798) 12.5% (2,062) -1.9% Net fee and commission income 5,979 6,345 -5.8% 5,025 19.0% 26
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Operating Expenses HK$m 1H2026 1H2025 Change 2H2025 Change Staff costs 5,938 5,546 7.1% 6,638 -10.5% Premises & equipment expenses 864 758 14.0% 866 -0.2% Depreciation and amortisation 1,388 1,374 1.0% 1,367 1.5% Others 1,471 1,298 13.3% 1,752 -16.0% Less: Costs directly attributable to insurance contracts (681) (560) 21.6% (664) 2.6% Total operating expenses 8,980 8,416 6.7% 9,959 -9.8% 2026.06 2025.06 Change 2025.12 Change Full-time staff headcount 15,469 15,228 1.6% 15,585 -0.7% 27
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HK$m 2026.06 2025.12 Change Total deposits from customers 3,037,174 2,944,188 3.2% CASA 1,633,755 1,570,605 4.0% Demand deposits and current accounts 328,086 291,926 12.4% Savings deposits 1,305,669 1,278,679 2.1% Time, call and notice deposits 1,401,927 1,366,622 2.6% Structured deposits 1,492 6,961 -78.6% Customer Deposits 28
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HK$m 2026.06 2025.12 Change Loans for use in Hong Kong - industrial, commercial and financial 732,792 689,368 6.3% Property development 156,874 156,785 0.1% Property investment 94,765 95,904 -1.2% Financial concerns 33,667 25,227 33.5% Stockbrokers 4,283 4,362 -1.8% Wholesale and retail trade 36,870 41,831 -11.9% Manufacturing 70,005 59,046 18.6% Transport and transport equipment 76,257 66,265 15.1% Information technology 41,228 32,339 27.5% Others 218,843 207,609 5.4% Loans for use in Hong Kong - individuals 634,715 611,440 3.8% Loans for the purchase of flats in Home Ownership Scheme, Private Sector Participation Scheme and Tenants Purchase Scheme 73,060 63,926 14.3% Loans for purchase of other residential properties 414,227 407,914 1.5% Credit card advances 11,495 13,035 -11.8% Others 135,933 126,565 7.4% Trade financing 49,755 41,202 20.8% Loans for use outside Hong Kong 401,356 375,082 7.0% Gross advances to customers 1,818,618 1,717,092 5.9% Advances to Customers 29
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HK$m 2026.06 2025.12 Change CET 1 Capital 311,629 295,716 5.4% Tier 1 Capital 311,629 295,716 5.4% Total Capital 336,536 319,967 5.2% Risk-weighted Assets 1,309,167 1,231,680 6.3% Capital and Liquidity % 2026.06 2025.12 Change CET 1 Capital ratio 23.80% 24.01% -0.21ppt Tier 1 Capital ratio 23.80% 24.01% -0.21ppt Total Capital ratio 25.71% 25.98% -0.27ppt Average value of liquidity coverage ratio (%) 2026 2025 Change First quarter 180.46% 231.50% -51.04ppt Second quarter 168.42% 185.34% -16.92ppt Third quarter n.a. 191.26% n.a. Fourth quarter n.a. 184.39% n.a. Quarter-end value of net stable funding ratio(%) 2026 2025 Change First quarter 143.35% 140.67% 2.68ppt Second quarter 143.89% 139.34% 4.55ppt Third quarter n.a. 143.07% n.a. Fourth quarter n.a. 142.30% n.a. 30
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HK$m 2026.06 2025.12 Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Advances to customers 1,738,336 63,914 16,254 1,818,504 1,633,883 63,628 19,558 1,717,069 Pass 1,736,387 27,166 - 1,763,553 1,632,013 27,817 - 1,659,830 Special mention 1,949 36,748 - 38,697 1,870 35,811 - 37,681 Substandard or below - - 16,254 16,254 - - 19,558 19,558 Trade bills 2,284 - - 2,284 3,157 - - 3,157 Pass 2,284 - - 2,284 3,157 - - 3,157 Special mention - - - - - - - - Substandard or below - - - - - - - - Advances to banks and other financial institutions 7,912 - - 7,912 4,985 - - 4,985 Pass 7,912 - - 7,912 4,985 - - 4,985 Special mention - - - - - - - - Substandard or below - - - - - - - - Gross advances and other accounts 1,748,532 63,914 16,254 1,828,700 1,642,025 63,628 19,558 1,725,211 Impairment allowances (4,164) (7,509) (8,623) (20,296) (4,023) (7,081) (7,653) (18,757) Advances and other accounts 1,744,368 56,405 7,631 1,808,404 1,638,002 56,547 11,905 1,706,454 Gross Advances and Other Accounts by Internal Credit Grade and Stage Classification 31
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Non-bank Mainland Exposures HK$m On-balance sheet exposure Off-balance sheet exposure Total exposureTotal loans and advances O/W: for use in Mainland Debt securities and others Subtotal Central government, central government- owned entities and their subsidiaries and joint ventures 313,765 66,277 76,717 390,482 21,302 411,784 Local governments, local government-owned entities and their subsidiaries and joint ventures 60,447 29,134 10,527 70,974 4,987 75,961 PRC nationals residing in Mainland or other entities incorporated in Mainland and their subsidiaries and joint ventures 106,214 28,744 12,411 118,625 13,011 131,636 Others 86,992 42,654 728 87,720 17,673 105,393 Total 567,418 166,809 100,383 667,801 56,973 724,774 29% 27% 18% 16% 1%9% 40% 17% 17% 26% Structure of loans and advances for use in Mainland Customer Structure Sector Structure With reference to the completion instructions for the HKMA’s return of Mainland activities (Note 43 of the Notes to the Financial Statements of 2026 Interim Report), as of 30 June 2026, the total on-balance sheet non-bank Mainland exposure was HK$667.8bn, up 7.8% from the end of previous year, accounting for 15.26% of total assets. Of this, total loans and advances reached HK$567.4bn, up HK$61.5bn or 12.1%. NPL ratio was 0.99%, down 0.15 ppt from the end of previous year. Loans for use in the Mainland stood at HK$166.8bn, accounting for 9.2% of total loans of the Group. 32 Central government, central government-owned entities and their subsidiaries and joint ventures Local governments, local government-owned entities and their subsidiaries and joint ventures PRC nationals residing in Mainland or other entities incorporated in Mainland and their subsidiaries and joint ventures Others Financial concerns Property development & investment Manufacturing Others Electricity and gas Transport and transport equipment
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Loan Exposure to Property Companies 23% 77% Customer Structure Mainland CRE Loans Non-Mainland CRE Loans As at end of June 2026, commercial real-estate (CRE) related loans to corporates amounted to HK$325.5bn, down 0.31% from the end of 2025; accounting for 17.9% of Group’s total loans, down 1.1 ppt from the end of 2025 Loan for use in HK, Chinese Mainland, SEA and other regions accounted for 77.3%, 14.8%, 3.3% and 4.6%, respectively Amounted to HK$74.6bn, down 1.8% from the end of 2025; accounting for 4.1% of Group’s total loans, down 0.3 ppt from the end of 2025 Customers mainly operate in the GBA and tier 1 & 2 coastal cities of the Chinese Mainland, and are market leaders with national business presence and relatively stable financial condition SOE loans: 89%; POE loans: 11% 42.8% for use in Chinese Mainland; 54.6% for use in HK Non-performing loan ratio accounted for 5.4%, down 1.2 ppt from the end of 2025. NPL provision coverage ratio was 179.07% Amounted to HK$250.9bn, down 0.16% from the end of 2025; accounting for 13.8% of Group’s total loans, down 0.80 ppt from the end of 2025 Customers are mostly Hong Kong local sizeable blue chips with relatively stable financial conditions, of which more than 70% are related to listed companies 84% for use in HK, c.60% was property development loans; others were mainly used in Chinese Mainland Construction loans: 10.7%; secured loans: 30.9%, average LTV ratio: 59.8%; unsecured loans: 58.4%, mainly related to listed companies Non-performing loan ratio was 1.86%, down 0.63 ppt from the end of 2025, mainly due to repayments made by some non- performing accounts during the period. NPL provision coverage ratio was 89.8%, with average LTV ratio for non-performing secured loans at 72% Non-mainland CRE Mainland CRE 33
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In 1H2026, Personal Banking wealth management income increased by 14% YoY , of which Private Banking AUM** Closely followed global integrated service development strategy, with a focus on offshore businesses Completed the acquisition of BOCI Private Bank business in Jan 2026, leveraged synergies to further enhance core competitiveness of our private banking and wealth management business Private Banking business income** in 1H2026 up 19% YoY , with fee income up 15% + 20% 2025.12 2026.06 TRB of High-end Customers 2025.06 2026.06 + 10% 34 **AUM and income growths in 1H26 reflected also the integration effects from the acquisition Private Wealth customers up 11% YoY Rapid Growth in Personal Banking Business High-quality Growth in High-end Customers insurance distribution income +18% investment product distribution income* +50% * Includes income related to funds and bonds Personal Banking and Wealth Management
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MOODY’S A1 Overall Market 18.6% E-channel 41.7% Banking Channel 21.2% Qualifying Deferred Annuities** 15.6% 35 BOC Life Business Development STANDARD & POOR’S A BOC Hong Kong (Holdings) (HK$m) 2026.06 2025.12 Change Contractual service margin 26,336 21,303 23.6% BOC Life (HK$m) 1H26 1H25 Change Standard new premiums 18,962 14,831 27.9% Value of new business (VNB) 3,390 2,178 55.7% Profit before taxation 1,283 1,098 16.8% Leading position in overall market and #1 in RMB insurance RMB Insurance 49.1% BOC Life Other insurers In 1Q2026, BOC Life ranked #2 in the market, with a market share of 18.6% in standard new premiums Remained #1 in RMB insurance in 1Q2026, with a 49.1% market share Flexibly adjusted product highlights and boosted product competitiveness to cement market-leading position and business advantages in bancassurance, while expanding non-bank channels to drive high- quality growth, delivering 34.0% YoY growth in BOCHK channel sales in 1H2026. In addition, standard new premiums from tied agency rose by 25.6% YoY Leading position maintained in e-channel, broker channel and QDAP sales In 1Q2026, e-channel* market share reached 41.7%, maintaining market leadership Leading position in the Qualifying Deferred Annuity Policy (QDAP) market since its launch in 2019 ** Annual premiums from April 2019 to March 2026 BOC Life Other insurers In 1Q2026, banking channel market share reached 21.2%, #2 in the market *Statistics from Insurance Authority: Direct distribution channel including e-channel sales, direct mail and telesales, with the majority coming from e-channel sales