ICBC profit shoots up 31.2%
By Zhang Lu and Hui Ching-hoo | China Daily | Updated: 2007-04-04 06:43
|
Industrial and Commercial Bank of China Chairman Jiang Jianqing (left) and President Yang Kaisheng talk at a news conference in Beijing yesterday. The bank said its profit rose 31.2 percent last year. Guo Yingguang |
The bank said net income rose to 49.3 billion yuan from 37.6 billion yuan the previous year, based on international accounting standards.
Analysts in Hong Kong said the result is in line with market expectations. "It's a decent earning," said Castor Pang at Sun Hung Kai Financial Group.
Photo
