Industrial and Commercial Bank of China (ICBC) (01398) said its net profit attributable to equity holders of the parent company for the nine months ended 30 September 2016 rose 0.46% year-on-year to Rmb222,792 million.
Basic and diluted earnings per share were Rmb0.63.
Operating income amounted to Rmb484,015 million, a decrease of 3.93% from a year earlier.
Net interest income was Rmb351,358 million, a decrease of 7.52% compared with the same period of last year. Annualised net interest margin dropped by 0.31 percentage points to 2.18% compared to the same period of last year.
According to the five-category classification of loans, the balance of non-performing loans (NPLs) amounted to Rmb208,880 million. The NPL ratio was 1.62%. The allowance to NPL stood at 136.14%.
The core tier 1 capital adequacy ratio was 12.58%, the tier 1 capital adequacy ratio was 13.13% and the capital adequacy ratio was 14.18%, all meeting regulatory requirements.
For the third quarter of 2016, ICBC's net profit attributable to equity holders dropped 0.2% year-on-year to Rmb72,575 million.
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