China's ICBC, world's largest bank, posts 5.8% rise in third-quarter profit
Reuters
Published Oct 25, 2019 10:14
Updated Oct 25, 2019 11:13
China's ICBC, world's largest bank, posts 5.8% rise in third-quarter profit
BEIJING/SHANGHAI (Reuters) - Industrial and Commercial Bank of China (ICBC) (SS:601398), (HK:1398), the world's biggest-listed lender by assets, reported on Friday a 5.8% rise in third-quarter net profit.
Net income for state-controlled ICBC came in at 83.78 billion yuan ($11.85 billion) for the three months through September, compared to 79.19 billion yuan in the same period a year earlier.
The rate of profit growth was above an average forecast of 4.25% drawn from two analysts surveyed by Reuters.
($1 = 7.0699 Chinese yuan renminbi)
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Written By: Reuters
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