Reuters logo
ICBC first-quarter profit up 12 pct, beats view
April 26, 2013 / 8:59 AM / 4 years ago

ICBC first-quarter profit up 12 pct, beats view

HONG KONG, April 26 (Reuters) - Industrial and Commercial Bank of China, the world’s biggest bank by market value, reported better-than-expected first-quarter earnings on Friday, helped by strong growth in its fee and commission income.

ICBC said its net profit was 68.7 billion yuan ($10.7 billion) in January-March, better than expectations for 66.1 billion yuan, according to a Reuters poll of six analysts. That was also 12 percent higher than the 61.3 billion yuan the bank made during the same period in 2012. ($1 = 6.1707 Chinese yuan) (Reporting by Kelvin Soh; Editing by Edmund Klamann)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below