ICBC’s Core Earning Growth Accelerated, with NIM Expansion and Strong Deposit Growth
Narrow-moat Industrial and Commercial Bank of China's, or ICBC's, third-quarter results highlighted its net interest margin expansion, improving operating efficiency, and easing credit quality pressure continued into the third quarter. Against the backdrop of rising deposit competition and slowing money supply, ICBC’s results stood out with an industry-leading growth in net interest income and core earnings, as measured by pre-provision operating profits, or PPOP. This reflects ICBC’s strong dep...
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