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ICBC's H1 profit up 12.5%

Aug. 31, 2012 (China Knowledge) -  Industrial and Commercial Bank of China or ICBC<601398><1398>, the world's biggest lender by market value, has announced its net profit attributable to shareholders increased 12.5% YoY to RMB 123.24 billion in the first half of this year.

Basic earnings per share were RMB 0.35, compared with RMB 0.31 it realized in the corresponding period of last year.

In the reporting period, the company saw its operation revenue grow 13.7% from a year earlier to RMB 262.83 billion.

Net interest income hit RMB 204.06 billion in the period, 16.9% more than in the first half of last year, and non-interest income edge up 3.7% YoY to RMB 84.53 billion.

The lender's capital adequacy ratio and core capital adequacy ratio was 13.56% and 10.38% at the end of Jun 30, 2012, up 0.39 and 0.31 percentage points from the end of last year.

At the end of June, the lender's total assets had reached RMB 17.07 trillion, 10.3% more than at the end of 2011.

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