ICBC: the world's most profitable bank

Yesterday afternoon, China's biggest bank ICBC launched its first-half results announcement. Data show that the first half of this year, the bank realized a net profit of 64.879 billion yuan, an increase of 56.75 percent, the first time become the world's most profitable bank's "throne."

ICBC chairman Jiang Jianqing expressed satisfaction with the results of the above.

He said that the first half of this year, the market will not only become the world's biggest bank, net profit over the same period also ranked first in the global banking industry. These achievements helped the following aspects: First, the first half of this year, the bank loan assets to maintain steady growth and secondly, bonds and investment income from intermediate business income continued to grow; Finally, the bank's substantial foreign investment income. First half of this year, the South African Standard Bank Investment bank received more than 500 million yuan of dividends, the expected rate of return on investment will reach 8.7 percent. Over the same period, the bank's investment Seng Heng Bank Limited first half of this year's profit growth rate reached 18 percent, the bank expects will bring the year of 6.62 percent rate of return.

A recent check found that market data, and in sharp contrast to the ICBC, by the loan-to-crisis last year, the global banking HSBC Champions profit this year was only the first half of the net profit of 7.722 billion U.S. dollars, a year earlier declined by about 29 percent. And last year's "Bangyan," Royal Bank of Scotland because of the huge asset write-down, the first half of the net loss of about 1.6 billion U.S. dollars. Analysts pointed out that the ICBC this time become the most profitable banks and China's relatively stable financial market environment are inseparable.

Steady growth in the performance of the bank is also "the two" incidents of interference » ICBC chairman Jiang Jianqing said, the ICBC's overseas investment strategy has been more cautious, coupled with the beginning of the year related to the reduction of debt, as at the end of June, the bank holding the "two-room" bonds in denominations of 2.619 billion U.S. dollars, of total assets A very small proportion, the financial impact of the trip is also very limited.