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ICBC's profit up 13.3% in Jan-Sep

Oct. 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 13.3% YoY to RMB 185.71 billion in the first nine months of this year.

According to a statement filed with Hong Kong Stock Exchange, basic earnings per share for the period were RMB 0.53.

From January to September, the company saw its net interest income hit RMB 311.37 billion, 16.6% more than in the first nine months of last year, while its net fee and commission income grew 1.8% YoY to RMB 79.69 billion in the period.

The lender's capital adequacy ratio and core capital adequacy ratio was 13.61% and 10.51% at the end of September 30, 2012.

At the end of last month, the lender's total assets had reached RMB 17.37 trillion, 12.2% more than at the beginning of this year.

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