Latest News:  


ICBC's 2012 net profits up 14.5 pct


08:52, March 28, 2013

BEIJING, March 27 (Xinhua) -- The Industrial and Commercial Bank of China (ICBC), the world's largest lender by market value, said Wednesday that its net profits for 2012 rose 14.5 percent year on year to reach 238.7 billion yuan (38.07 billion U.S. dollars), cementing its position as the world's most profitable bank.

The bank's net interest income, or revenue from borrowers minus interest paid to depositors, rose 15.2 percent from the previous year to 417.8 billion yuan, according to the company's annual report filed to the Shanghai Stock Exchange.

Commissions and income from services fees gained 3.8 percent from a year earlier to 111.9 billion yuan.

As of the end of last year, the bank's total assets amounted to 17.5 trillion yuan, while its outstanding loans totalled 14.88 trillion yuan, the world's largest in both areas.

The banks' non-performing loan ratio came in at 0.85 percent, down 0.09 percentage points from a year earlier.

The board of directors proposed a pre-tax year-end cash dividend of 2.39 yuan for every ten shares that will be subject to shareholder approval.

We recommend:

China's financial might takes shape

Top 10 Chinese cities with highest urbanization quality

Chinese investment in Africa: Digging deeper

Top 10 innovative cities in Asia-Pacific

Nation may limit gold to 2% of foreign reserves

Lu Zhaoxi named Alibaba's new CEO

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. High-sea training taskforce in Nansha Islands

  2. Marines conduct shooting training

  3. 2013 New York Int'l Auto Show

  4. Strong sand storm swallows Lanzhou

  5. The toughest roads to school

  6. TV on modern Chinese couple hits Africa

  7. Guangdong Close to Eighth CBA Title

  8. Serious in Seattle

  9. BYD profits tumble in 2012

  10. Beijing's second oldest McDonald outlet shut

Most Popular


  1. Significant risks remain for global economy:BRICS
  2. BRICS summit offers bright sunrise
  3. Western leaders learned nothing from Iraq disaster
  4. What are the fruits of Obama's Middle East visit?
  5. Home prices thwarts people's 'Chinese dream'
  6. Economic slowdown puts peaceful rise in focus

What’s happening in China

Man's 20-year habit leads to kidney stone

  1. Lady sparks interest in home brands
  2. Plans to cool housing sector
  3. Taiwan plans pilot free economic zone
  4. 20 jailed for terrorism, separatism in Xinjiang
  5. 2 dead in C China hotel wall collapse