Industrial and Commercial Bank of China reports 10% profit rise in third quarter
China's Industrial and Commercial Bank of China (ICBC) posted a 10 per cent rise in net profit for the third quarter, reaching 111.96 billion yuan. The bank's annualised net interest margin widened by one basis point to 1.29 per cent in the first nine months.
China's largest lender by assets, the Industrial and Commercial Bank of China (ICBC), reported a net profit of 111.96 billion yuan (US$15.5 billion) for the third quarter, up about 10 per cent year on year, according to results released on 30 October. Net interest income rose more than 11 per cent to over 177.8 billion yuan, while fee and commission income fell more than 3 per cent to over 23 billion yuan.
For the first three quarters of 2026, ICBC's net profit totalled 285.64 billion yuan, an increase of nearly 6 per cent year on year. Loan impairment losses exceeded 150.9 billion yuan, up about 10 per cent from the same period last year.
The bank's net interest income for the January-to-September period rose about 10 per cent to more than 519 billion yuan. The annualised net interest margin stood at 1.29 per cent, widening by one basis point. Non-interest income increased about 8 per cent to nearly 148.1 billion yuan, with fee and commission income rising about 2 per cent to nearly 92.3 billion yuan.
As of the end of September, ICBC's non-performing loan (NPL) balance stood at about 416.8 billion yuan, an increase of about 17.8 billion yuan from the end of 2025. The NPL ratio was 1.29 per cent, down 0.02 percentage points.