News Column

ICBC H1 Net Up 3%

August 28, 2014

BEIJING, August 28, SinoCast -- Industrial and Commercial Bank of China Limited (ICBC, SEHK: 1398, and SHSE: 601398) revealed gross operating revenue of CNY 148.1 billion in the first half of 2014 ended June 30, narrowing 4.4% from a year earlier. After-tax profit reached CNY 66.7 billion, climbing 2.8%. EPS were CNY 0.20.

Loan balance had been CNY 5.4365 trillion, rising 18.9% or CNY 864.5 billion. NPL balance decreased CNY 5.8 billion from early 2014. NPL ratio moved down 0.48 percentage points to 1.81%. By the end of June, provision coverage inched up 8.05 percentage points to 138.2%.

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Source: Sinocast Banking & Credit Beat (China)

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