{"id":14316,"date":"2007-08-23T10:32:57","date_gmt":"2007-08-23T17:32:57","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/08\/23\/china-banks-witness-profit-surge-bbc-news\/"},"modified":"2007-08-23T10:32:57","modified_gmt":"2007-08-23T17:32:57","slug":"china-banks-witness-profit-surge-bbc-news","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/08\/china-banks-witness-profit-surge-bbc-news\/","title":{"rendered":"China Banks Witness Profit Surge – BBC News"},"content":{"rendered":"
<\/a> From BBC News:<\/p>\n Half-year profits at two of China’s biggest banks have surged on the back of higher lending and rising fees. Industrial & Commercial Bank of China (ICBC) <\/a>, China’s biggest bank, said net profits for the six months to June rose 62% to 41.04bn yuan ($5.4bn; \u00ac\u00a32.7bn)<\/p>\n Meanwhile, Bank of China <\/a>revealed net income rose 52% from the same period last year to 29.5bn yuan. Higher lending and a rise in fee-based income drove the increase, the country’s fourth-biggest lender said. [Full Text] <\/a><\/p><\/blockquote>\n