The story appears on

Page A11

March 27, 2015

GET this page in PDF

Free for subscribers

View shopping cart

Related News

HomeBusinessFinance

ICBC鈥檚 profit edges up

THE Industrial and Commercial Bank of China, the country’s biggest lender, eked out a 5 percent gain in net profit last year in the face of “complex” domestic and overseas environments, it said yesterday.

Net profit was 275.81 billion yuan (US$$44.4 billion) in 2014, up from 262.65 billion yuan a year earlier, ICBC said in a statement to the Hong Kong stock exchange.

The bank cited China’s slowing economic growth and a rebound in bad debts as having an impact on its operations.

ICBC’s non-performing loan ratio was 1.13 percent by end-December, up from 0.94 percent a year earlier, the statement said, due to slowing economic growth and the “pain” of economic restructuring.


 

Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

娌叕缃戝畨澶 31010602000204鍙

Email this to your friend