By Kosaku Narioka
Industrial & Commercial Bank of China reported a rise in first-quarter net profit.
The Chinese bank said Wednesday that net profit rose 3.3% from a year earlier to 86.94 billion yuan, equivalent to $12.72 billion, for the three months ended March.
The lender said net interest income--the difference between interest earned on loans and that paid on deposits--increased to 168.53 billion yuan from 156.78 billion yuan.
Net fee and commission income was also higher, climbing to 40.92 billion yuan from 38.88 billion yuan.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
04-29-26 0459ET
