Top China Bank ICBC, World’s Largest, Posts 4.9% H1 Profit Rise


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FILE PHOTO: The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. REUTERS/Florence Lo/File Photo Reuters BEIJING (Reuters) - Industrial and Commercial Bank of China Ltd (ICBC), the world's largest commercial lender by assets, said net profit grew 4.9% year-on-year in the first half of this year as the Chinese economy recovered from the COVID-19 pandemic. Profit was 171.5 billion yuan ($24.82 billion)in the six months through June, compared with 163.47 billion yuan in the same period a year earlier, the bank said in a filing...