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16 listed banks' profits account for 53.7% of A-share market's total

Sep. 6, 2012 (China Knowledge) - The 16 listed Chinese banks realized a combined net profit of RMB 545.3 billion in the first half of this year, which accounted for 53.7% of the total net profit of all A-share listed companies.

The Big-Four state-owned lenders in China, Industrial & Commercial Bank of China Ltd<601398><1398>, China Construction Bank Co<601939><0939>, Bank of China Ltd<601988><3988> and Agricultural Bank of China Ltd<601288><1288> reaped a total net profit of RMB 381.5 billion, which accounted for nearly 70% of the net profit of the 16 listed Chinese lenders and 58% of the RMB 661.6 billion net profit of the whole banking industry.
ICBC was still the most profitable bank, reporting a net profit of RMB 123.24 billion in H1.

CCB came in second with a net profit of RMB 106.28 billion in the period, followed by ABC with net profit of RMB 80.50 billion and BOC with net profit of RMB 71.6 billion.

However, 12 of the 16 banks saw slower profit growth, while the remaining four lenders experienced slightly faster growth.

Ping An Bank Co<000001> recorded the highest growth of 43% YoY in net profit, which hit RMB 6.76 billion in the first six months, followed by Huaxia Bank Co Ltd<600015> with a 42.36% surge and China Everbright Bank Co Ltd<601818> with a 40.28% increase.

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