Top China bank ICBC Q1 profit falls 4.0%

Reuters
04-29
Top China bank ICBC Q1 profit falls 4.0%

SHANGHAI/BEIJING, April 29 (Reuters) - Industrial and Commercial Bank of China Ltd (ICBC) 1398.HK 601398.SS, the world's largest lender by assets, said net profit fell 4.0% in the first quarter of this year.

Profit was 84.156 billion yuan ($11.58 billion) in the three months ended March 31, compared with 87.653 billion yuan in the same period last year, the bank said in a filing on Tuesday.

($1 = 7.2682 Chinese yuan renminbi)

(Reporting by Engen Tham, Selena Li and Ziyi Tang; Editing by Kirsten Donovan)

((Ziyi.Tang@thomsonreuters.com;))

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