The Business Times
business-time-50

China’s biggest bank ICBC posts 1.9% fall in Q4 profit

Published Thu, Mar 30, 2023 · 07:33 PM
    • Net profit for the three months ended December fell to 94.7 billion yuan from 96.5 billion yuan a year earlier, ICBC said in a stock exchange filing.
    • Net profit for the three months ended December fell to 94.7 billion yuan from 96.5 billion yuan a year earlier, ICBC said in a stock exchange filing. PHOTO: REUTERS

    INDUSTRIAL and Commercial Bank of China (ICBC), the world’s largest-listed lender by assets, reported a 1.9 per cent fall in fourth-quarter net profit on Thursday (Mar 30).

    Net profit for the three months ended December fell to 94.7 billion yuan (S$18.3 billion) from 96.5 billion yuan a year earlier, it said in a stock exchange filing.

    Profit for the full year increased 3.5 per cent to 360.5 billion yuan, above a Refinitiv estimate of 356.61 billion yuan drawn from 17 analysts. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Industrial and Commercial Bank of China (ICBC)Financial results

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    HDB said the listed price of S$2.18 million for the flat at 93B Telok Blangah Street 31 was “significantly higher” than comparable transactions in the area.

    HDB reviewing ‘jumbo’ flat scheme after Telok Blangah unit listed for sale at S$2.18m

    Japan becomes more valuable to Asean partners when that alliance increases Japanese capabilities without limiting its other relationships in Asia.

    What role can Japan play in Asean’s future?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More