Top China bank ICBC, world’s largest, posts 4.9% H1 profit rise

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Profit was 171.5 billion yuan ($24.82 billion)in the six months through June, compared with 163.47 billion yuan in the same period a year earlier, the bank said in a filing on Tuesday.

The data implies a second quarter net profit of 80.9 billion yuan, up 4% from a year earlier, Reuters calculations show.

($1 = 6.9100 Chinese yuan renminbi)