ICBC full-year net profit increases 36%
By Yang Zhen and Bi Xiaoning | China Daily | Updated: 2009-03-26 07:48
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A woman passing by a branch of the Industrial and Commercial Bank of China in Shanghai. Bloomberg News |
Industrial and Commercial Bank of China (ICBC), the world's biggest lender by market value, yesterday posted a 36-percent growth in full year net profit, but an increase in provisions for its overseas investment losses slowed profit growth in the fourth quarter.
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