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Author: 123jump.com Staff
123jump.com
Last Update: 3:56 PM EDT March 26 2008
Industrial and Commercial Bank of China net profit increasd 65% on rising intrest margin, grwoing deposit and imporving yields on deposits. The largest bank in world based on market cap also registerd net interest income increased 37% and cost to income ratio fell to 34.7%. The largest Chinese bank has avoided its exposure to risky loans in the U.S. Manufacturing sector represented the largest corporate customer base and stock market linked wealth management unit generated most profit. |
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