The Business Times

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

    • 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
    Published Thu, Mar 30, 2023 · 07:33 PM

    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
    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