Kwong Man Ki

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18 Sep 2012 - 3:39AM
18 Sep 2012 - 7:40AM
Better loan performance sees ICBC profit rise 14.9pc

Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, has posted a forecast-beating 14.9 per cent rise in third-quarter earnings. The gains came from higher profit margins on its loans and a reduction in its provisions for bad loans.

Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, has posted a forecast-beating 14.9 per cent rise in third-quarter earnings. The gains came from higher profit margins on its loans and a reduction in its provisions for bad loans.

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