Friday, September 5, 2008

ICBC's overseas assets exceed 43 billion U.S. dollars

By the end of June 2008, the foreign institutional assets of the Industrial and Commercial Bank of China had already exceeded 43 billion US dollars, an increase of 22% from the early time this year.

It is learnt that during the first half year, the overseas institutions of ICBC have posted profit of 240 million US Dollars after provisions, a growth of 42% over the same period of last year.

Among which, the net income from service charge and commission remittance amounted to more than 90 million U.S. dollars, an increase of 28%. At the same time, the non-performing loan rate of the overseas institutions was 0.49%, a drop of 0.15 percentage points compare with that at the beginning of this year.

By People's Daily Online

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