ICBC completed CNY 60 billion notes as Industrial and Commercial Bank of China stock costs EUR 0.85

Industrial and Commercial Bank of China (ISIN CNE1000003G1) had completed CNY 60.00 billion of Tier 2 capital notes on October 15, 2026, according to MarketScreener. The stock was trading at EUR 0.85 at Lang & Schwarz on October 20, 2026 at 10:16 a.m. CEST.

Capital strength gets a fresh layer

The issuance consists of two CNY 30.00 billion tranches. One carries a 1.76 percent fixed rate over 10 years, while the other carries a 1.95 percent fixed rate over 15 years, with conditional redemption rights after five and 10 years respectively, MarketScreener reported on October 15, 2026. The proceeds are intended to strengthen the bank's Tier 2 capital under applicable approvals.

For investors, the transaction adds capital capacity rather than changing the bank's core earnings picture. That distinction matters because capital buffers can support lending and absorb risk, while future returns still depend on loan growth, funding costs and asset quality.

What do the interim figures show?

In the first half of 2026, operating revenue rose 9.1 percent year over year to CNY 446.16 billion, while net profit reached CNY 176.48 billion, up 4.5 percent. Net interest income increased 8.8 percent to CNY 341.24 billion, and net fee and commission income rose 3.3 percent to CNY 69.24 billion, according to Quartr. The bank's non-performing loan ratio was 1.29 percent, while its allowance to non-performing loans stood at 217.58 percent.

The earnings mix shows both progress and pressure. Revenue growth exceeded profit growth by 4.6 percentage points, indicating that margins and credit costs remain important for the next reporting period. Management also raised the interim dividend payout ratio to 31 percent, with a total payout of CNY 53.85 billion, according to Yahoo Finance.

Next results date is October 31

Industrial and Commercial Bank of China is scheduled to release third-quarter 2026 results on October 31, 2026, according to the earnings calendar carried by MarketScreener. That report should show whether the first-half revenue recovery continued into the third quarter and how capital costs affected profitability.

Stock price and investor perspective

The current market picture combines a fresh capital measure with first-half revenue growth of 9.1 percent and net profit growth of 4.5 percent. The coming results date gives investors a concrete point for testing whether the bank can preserve that operating momentum.

Industrial and Commercial Bank of China stock was trading at EUR 0.85 at Lang & Schwarz on October 20, 2026 at 10:16 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Industrial and Commercial Bank of China stock.

Market context: Market report Shanghai Composite.

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