ICBC's net profit increased by 27% in the first three quarters to 210%

October 28, ICBC (601398.SH/01398.HK) released the third quarter of 2010 Results Report, 2010 1-September, based on international Financial Reporting Standards, ICBC to achieve the ownership of the parent company's shareholders net profit of 127.216 billion yuan, an increase of 27.19% The third quarter achieved net profit of 42.613 billion yuan, an increase of 26.84%.　　The first three quarter to achieve basic earnings per share of 0.38 yuan. In the first three quarters, ICBC realized the total operating income of 277.685 billion yuan, an increase of 22.8%, the cost of operating expenses 95.418 billion yuan, the year-on-year increase of 13.94%.　　Cost income in the first three quarters was 28.69%, up 0.51% from 28.18% in the first half.　　The net profit increase is mainly due to the growth of interest-bearing assets, the recovery of net yield and the rapid growth of fees and commissions net income. As interest-bearing assets grew and net interest rates continued to pick up slightly, ICBC's first three-quarter income was 221.663 billion yuan, an increase of 24.36% per cent, as a result of the growth of settlement, liquidation and cash management, bank cards, banking and asset-hosting business The implementation of fees and commissions net income of 54.563 billion yuan, an increase of 32.88%.　　The first three quarterly fees and commissions net income were 19.65% higher than the operating income ratio. As at the end of September, ICBC's client loans and advances amounted to 6.57 trillion yuan, up 14.71% from the end of last year. Among them, the company class loan 4.55 trillion yuan, individual loan 1.55 trillion yuan, Bill discount 134.215 billion yuan, overseas loan and other 340.157 billion yuan.　　At the end of September, the proportion of deposits was 59.15%. At the end of September, customers deposited 11.28 trillion yuan, an increase of 15.47% from the end of last year. Among them, the time deposit 5.42 trillion yuan, demand deposit 5.69 trillion yuan, other 176.007 billion yuan.　　Demand deposits account for 50.43% of total customer deposits. At the same time, the quality of assets has continued to improve, non-performing loan balances and non-performing rate to maintain a "double drop."　　As at the end of September, ICBC classified the loan quality by five, and the non-performing loan balance was 75.731 billion yuan, 12.736 billion yuan from the end of last year, the non-performing loan rate was 1.15%, it was 0.39% lower than last year, and the provision coverage was 210.16%, which was 45.75% higher than the end of last year.　　At the end of September, ICBC's total assets amounted to 13.42 trillion yuan, up 13.86% from the end of last year, with a core capital adequacy ratio of 9.33%, down 0.08% from the end of June, and a capital adequacy ratio of 11.57%, up 0.23% from the end of June. October 28, ICBC A-share closed at 4.46 Yuan, Rose 0.22%;h shares reported 6.24 Hong Kong dollar, down 0.65%.