ICBC’s first-quarter profit growth was the lowest among China’s Big Four state-owned banks. Photo: Reuters ICBC’s first-quarter profit growth was the lowest among China’s Big Four state-owned banks. Photo: Reuters
ICBC’s first-quarter profit growth was the lowest among China’s Big Four state-owned banks. Photo: Reuters

China’s Big Four state-owned banks’ first-quarter earnings growth comes in line with analysts’ expectations

  • China Construction Bank led the profit growth, reporting a net income of 83.1 billion yuan (US$12.85 billion), up 2.8 per cent year on year
  • ICBC was the only major bank that did not see a drop in its bad-loan ratio, which was unchanged at 1.58 per cent at the end of March

Topic |   Banking & Finance
ICBC’s first-quarter profit growth was the lowest among China’s Big Four state-owned banks. Photo: Reuters ICBC’s first-quarter profit growth was the lowest among China’s Big Four state-owned banks. Photo: Reuters
ICBC’s first-quarter profit growth was the lowest among China’s Big Four state-owned banks. Photo: Reuters
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