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City commercial bank based in Hangzhou known for strong asset quality among Chinese regional banks.
City commercial bank based in Hangzhou known for strong asset quality among Chinese regional banks.
Earns mainly the spread between loan and deposit rates, with corporate lending to Zhejiang companies the largest line and fees from wealth management adding to it. Hangzhou city state-owned groups are major shareholders, and it was listed in Shanghai in 2016.
In one line: A well-run Chinese regional bank, similar to a top-tier US super-community bank.
Moat: narrow (regulatory licence, distribution, scale). Deep roots and branch density in wealthy Zhejiang province support low-cost deposits.
Headquarters: Hangzhou, China · Founded: 1996 · Employees: 14,724
Size Bank of Hangzhou (600926.SS) is a China Financials company (Regional Banks) with a market value of $18.6B, the 121st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.09 on 6 Nov 2026.
Performance Over six months the shares fell 1.8%, against +11.1% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 3.2% over the last twelve months (peer median +0.9%); the operating margin is 57.5% (peer median 41.1%).
Valuation It trades at 0.86× book value against a peer median of 1.70× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 3.0%; Bank of Hangzhou delivers 13.8%, so the price asks less than the business earns today.
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥74.1B | CN¥74.6B | CN¥76.7B | CN¥71.3B | CN¥64.8B |
| Revenue growth | — | -3% | +8% | +10% | — |
| Net income | CN¥19.9B | CN¥18.5B | CN¥16.7B | CN¥14.1B | CN¥11.4B |
| Free cash flow | -CN¥34.7B | -CN¥26.3B | -CN¥23.9B | CN¥34.0B | CN¥36.7B |
| Capital expenditure | CN¥511M | CN¥533M | CN¥875M | CN¥1.07B | CN¥1.27B |
| Total debt | CN¥816B | CN¥744B | CN¥674B | CN¥654B | CN¥564B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bank of Hangzhou 600926.SS | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% |
| Bank of Shanghai 601229.SS | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% |
| Bank of Ningbo 002142.SZ | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% |
| Bank of Beijing 601169.SS | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600926.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.9% | +2.6% | 5th lowest of 21 |
| 6-month return | -1.8% | +11.1% | 4th lowest of 21 |
| Return on equity | 13.8% | 11.3% | 10th highest of 21 |
| Price / book | 0.86× | 1.70× | 6th cheapest of 21 |
| Trailing P/E | 6.3× | 13.4× | 2nd cheapest of 20 |
| ROE the price implies | 3.0% | 8.7% | 4th least demanding of 20 |
| ROE delivered | 13.8% | 11.6% | 10th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% | 16.6% |
| Bank of Shanghai 601229.SS | China | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% | 7.5% |
| Bank Polska Kasa Opieki PEO.WA | Poland | $17.4B | +12% | -5% | 18% | 2.04× | 25.7% | 18.2% |
| Erste Bank Polska EBP.WA | Poland | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% | 15.6% |
| Hua Nan Financial 2880.TW | Taiwan | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% | 14.1% |
| ING Bank Slaski ING.WA | Poland | $15.7B | +20% | +4% | 24% | 3.24× | 33.8% | 23.7% |
| Banco Santander-Chile Sponsored ADR BSAC | United States | $15.2B | +7% | +18% | 25% | 3.00× | 17.6% | 24.9% |
| Pinnacle Financial Partners PNFP | United States | $15.2B | +3% | +100% | 10% | 1.10× | 10.7% | 9.6% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| Banque Cantonale Vaudoise BCVN.SW | Switzerland | $14.4B | +20% | -8% | 12% | 3.07× | n/a | 11.6% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| Taiwan Cooperative Financial Hl 5880.TW | Taiwan | $13.6B | +22% | -3% | 9% | 1.55× | 4.8% | 8.9% |
| Bank of Chengdu 601838.SS | China | $12.8B | +5% | +2% | 15% | 0.92× | 3.1% | 15.1% |
| CNPC Capital 000617.SZ | China | $12.3B | -31% | -14% | 5% | 0.76× | 7.9% | 4.6% |
| Chongqing Rural Commercial Bank 601077.SS | China | $11.7B | -1% | -1% | 9% | 0.57× | 2.3% | 9.4% |
| IBK 024110.KS | South Korea | $11.4B | -14% | +28% | 8% | 0.49× | 4.2% | n/a |
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |