Top China bank ICBC, world’s largest, posts 4.9% H1 profit rise


Source: marketscreener.com marketscreener.com

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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 on Tuesday. The data implies a second quarter net profit of 80.9 billion yuan, up 4% from a year earlier, Reuters calculations show. ($1 = 6.9100 Chinese yuan renminbi) (Reporting...