China’s biggest bank ICBC posts 10.7% rise in Q4 profit

SHANGHAI: Industrial and Commercial Bank of China (ICBC) (601398.SS), , the world’s largest-listed lender by assets, reported a 10.65% rise in fourth-quarter net profit on Wednesday.

Net profit for the three months ended December rose to 96.5 billion yuan ($15.20 billion) from 87.2 billion yuan a year earlier, it said in an stock exchange filing.

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Profit for the full year increased 10.3% to 348.3 billion yuan, above a Refinitiv estimate of 332.427 billion yuan drawn from 23 analysts.