01-01-1970 12:00 AM | Source: Reuters
China`s biggest bank ICBC posts 44% jump in quarterly profit, beats estimate
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BEIJING/SHANGHAI - Industrial and Commercial Bank of China (ICBC), the world's biggest-listed lender by assets, reported a 44.2% jump in fourth-quarter net profit on Friday, its first profit gain in three quarters.
Net profit for the three months ended December rose to 87.2 billion yuan ($13.34 billion) from 60.5 billion yuan a year earlier, it said in a filing.
Profit for the full year increased 1.2% to 315.9 billion yuan, above a Refinitiv estimate of 290.2 billion yuan drawn from 24 analysts.
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