Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
ICBC earns RMB 208.27-bln net profit in 2011

Mar. 30, 2012 (China Knowledge) - Industrial and Commercial Bank of China or ICBC<601398><1398>, the world's biggest lender by market value, announced yesterday that its net profit grew 26.1% year on year to RMB 208.27 billion last year.

Basic earnings per share were RMB 0.6 in 2011, up 25% year on year. The bank proposed a dividend of RMB 2.03 per ten shares or RMB 70.86 billion in total.

The bank's operating revenue increased 23.6% year on year to RMB 470.60 billion last year. Net interest income grew 19.4% year on year to RMB 362.76 billion, and non-interest income surged 40% to RMB 107.84 billion in the period, accounting for 22.9% of the lender's total revenue.

Net interest margin increased by 17 basis points to 2.61% in 2011.

At the end of 2011, the bank's capital adequacy ratio had risen 0.9 percentage points from a year earlier to 13.17%, and its core capital adequacy ratio had grown 0.1 percentage points to10.07%.

ICBC's total assets had increased 14.99% year on year to RMB 15.48 trillion at the end of last year. The balance of customer deposits had risen 10% year on year to RMB 12.26 trillion and that of customer loans and advances had grown 14.7% from a year earlier to RMB 7.79 trillion at the end of 2011.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved