ICBC battles rise in bad loans

Growing challenges at home may mean further expansion overseas

Industrial & Commercial Bank of China Ltd, the world's largest lender by assets, reported its biggest jump in bad loans since at least 2006 as the property market slumped and the economy cooled.

Non-performing loans rose 9 percent in the third quarter from the previous three months, the Beijing-based bank said in a stock exchange filing on Wednesday. Net income gained 7.7 percent from a year earlier to 72.4 billion yuan ($11.8 billion), matching the median analyst estimate in a Bloomberg News survey.