Industrial and Commercial Bank of China Limited (ICBC, Stock Code: 1398) released its unaudited financial results for the third quarter ended 30 September 2025. According to the announcement, it recorded an operating income of RMB610,968 million in the first nine months of 2025, a 1.98% increase from the same period of 2024. Net profit reached RMB271,882 million, up 0.52% year-on-year.

Total assets stood at RMB52.81 trillion, an 8.18% rise compared to the end of 2024. Loans and advances to customers increased by 7.33% to RMB30.45 trillion during the period, while total liabilities climbed by 8.44% to RMB48.62 trillion. Deposits rose 7.09% to RMB37.31 trillion, with time deposits at RMB22.50 trillion and demand deposits at RMB14.05 trillion. The Bank reported a non-performing loan ratio of 1.33%, down 0.01 percentage point, and the allowance to non-performing loans was 217.21%.

ICBC’s capital adequacy ratios remained above regulatory requirements, with a common equity tier 1 capital adequacy ratio of 13.57%, a tier 1 capital adequacy ratio of 14.80%, and a total capital adequacy ratio of 18.85%. Over the nine-month period, net interest margin was 1.28%. In terms of other major operating indicators, net fee and commission income increased 0.60% to RMB90,868 million, and cost-to-income ratio was 26.55%.

The announcement also highlighted multiple capital transactions: the issuance of RMB50.0 billion in tier 2 capital bonds, redemption of a USD2.0 billion tier 2 bond, and redemption of RMB60.0 billion tier 2 capital bonds. Additionally, ICBC redeemed USD2,900 million offshore preference shares and issued new total loss-absorbing capacity (TLAC) non-capital bonds of RMB10.0 billion. The Bank intends to distribute interim cash dividends for 2025 upon shareholder approval and has maintained dividend payments on both domestic preference shares and previously issued offshore USD preference shares.