<\/p>\n
Non-interest income rose by 67.01%, although fee and commissions declined.<\/p>\n
The Industrial and Commercial Bank of China (Asia) (ICBC Asia) reported a consolidated profit attributable to shareholders of HK$4.26b (approximately US$547.2m) in the first six months of 2024 that ended on 30 June.<\/p>\n
Profit is 9.58% higher than the HK$3.88b achieved in the same period in 2023, the bank said in an SGX filing in November 2024.<\/p>\n
Net interest income is HK$118m (US$15.16m) for H1, higher by 2.33% compared to H1 2023.<\/p>\n
Net fee and commissions income is 5.29% year-on-year (YoY) lower at HK$985m (almost US$122.93m).<\/p>\n
Non-interest income jumped 67.01% YoY to HK$2.59b (US$332.68m) in H1.<\/p>\n
Operating expenses rose by 10.27% YoY to HK$204m (US$26.2m).<\/p>\n
Net provision for expected credit loss on loans and advances was HK$169m. About HK$642m was made as additional provision for credit-impaired exposures, ICBC Asia reported.<\/p>\n
As of 30 June 2024, total assets were HK$943.28b (US$121.16b) , rising by 2.98% compared to its financial position on 31 December 2023.<\/p>\n
Customer deposits amounted to HK$625.84b (US$80.39b).<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Non-interest income rose by 67.01%, although fee and commissions declined. The Industrial and Commercial Bank of China (Asia) (ICBC Asia) reported a consolidated profit attributable to shareholders of HK$4.26b (approximately US$547.2m) in the first six months of 2024 that ended on 30 June. Profit is 9.58% higher than the HK$3.88b achieved in the same period […]<\/p>\n","protected":false},"author":1,"featured_media":2905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/ICBC-China-1140x445.webp",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/ICBC-China-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/ICBC-China-300x200.webp",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/ICBC-China.webp",2000,1334,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2904"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2904\/revisions"}],"predecessor-version":[{"id":2906,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2904\/revisions\/2906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2905"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}