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

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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

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    Industrial and Commercial Bank of China (ICBC)Financial results

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