Top China bank ICBC posts 1.2% H1 profit rise

3 weeks ago 51

The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing

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 Acquire Licensing Rights

BEIJING, Aug 30 (Reuters) - Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS), the country's biggest lender, said on Wednesday net profit grew 1.2% year-on-year in the first half of this year.

Profit was 173.74 billion yuan ($23.83 billion) for the first half of this year, compared with the restated 171.67 billion yuan in the same period a year earlier, the bank said in a filing.

($1 = 7.2543 Chinese yuan renminbi)

Reporting by Ziyi Tang, Engen Tham and Selena Li; Editing by Muralikumar Anantharaman

Our Standards: The Thomson Reuters Trust Principles.

Read Entire Article