ICBC AND BOCOM REPORTED NET PROFIT OF 40% FOR THEIR FOURTH-QUARTER

Highlights –

• ICBC and BoCom reported net profit of 40% for their fourth-quarter.
• The banks had their first profit gain in three quarters.
• ICBC reported a 44.2% jump in fourth-quarter net profit.
• BoCom profit also climed 1.3% to 78.3 billion yuan.

On Friday, two of China’s largest lenders, Industrial and Commercial Bank of China (ICBC) and Bank of ....