By Kosaku Narioka
Industrial & Commercial Bank of China reported a rise in third-quarter net profit, thanks to stronger gains from trading and financial investments, as well as lower credit costs.
The Chinese bank said Thursday that net profit rose 3.3% from a year earlier to 101.805 billion yuan, equivalent to $14.34 billion, for the three months ended Sept. 30.
ICBC said net trading income rose to 7.96 billion yuan from 5.56 billion yuan. Net gains on financial investments increased to 9.835 billion yuan from 5.06 billion yuan.
Credit impairment losses declined to 22.13 billion yuan from 27.14 billion yuan.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
10-30-25 0515ET
