03:03 ET<\/span>
\n<\/span><\/p>\nIndustrial and Commercial Bank of China (ICBC), the world’s biggest bank by market value, has reported better-than-expected results for 2010.<\/p>\n
The bank said its profits increased by 28% to 65bn yuan ($25bn; \u00a315bn).<\/p>\n
China’s economic success has seen a surge in bank lending, resulting in hefty profits for the country’s top lenders. <\/p>\n
On Wednesday, Agricultural Bank of China reported a 46% jump in its profits for 2010.<\/p>\n
The Chinese government has been attempting to slow growth in order to prevent an overheating of the economy and also rein in surging property prices.<\/p>\n
It has introduced property tax in some cities and also raised the amount of liquid cash that the banks need to hold with them.<\/p>\n
Analysts say profits at the country’s biggest lenders will be hit as these measures start to take effect.<\/p>\n
“I am expecting the growth in banks’ financial results to slow from last year’s pace,” said Qiu Gaoqing of Bank of Communications. <\/p>\n
“There are limits on lending to local governments’ financing vehicles and to the real estate sector, plus higher requirements to cover a possible rise in bad loans, which will lead to rising lending costs,” he added.<\/p>\n<\/p><\/div>\n<\/p>\n
Read this article:
\nICBC bank’s profits increase 28%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 31 March 2011 Last updated at 03:03 ET Industrial and Commercial Bank of China (ICBC), the world’s biggest bank by market value, has reported better-than-expected results for 2010. The bank said its profits increased by 28% to 65bn yuan ($25bn; \u00a315bn). China’s economic success has seen a surge in bank lending, resulting in hefty profits for the country’s top lenders<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-351729","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n
ICBC bank's profits increase 28% - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"ICBC bank's profits increase 28% - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"31 March 2011 Last updated at 03:03 ET Industrial and Commercial Bank of China (ICBC), the world's biggest bank by market value, has reported better-than-expected results for 2010. The bank said its profits increased by 28% to 65bn yuan ($25bn; \u00a315bn). China's economic success has seen a surge in bank lending, resulting in hefty profits for the country's top lenders\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"ICBC bank’s profits increase 28%\",\"datePublished\":\"2011-03-31T07:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/\"},\"wordCount\":211,\"commentCount\":0,\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/\",\"name\":\"ICBC bank's profits increase 28% - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-03-31T07:03:13+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ICBC bank's profits increase 28% - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/","twitter_card":"summary_large_image","twitter_title":"ICBC bank's profits increase 28% - Ghanamma.com","twitter_description":"31 March 2011 Last updated at 03:03 ET Industrial and Commercial Bank of China (ICBC), the world's biggest bank by market value, has reported better-than-expected results for 2010. The bank said its profits increased by 28% to 65bn yuan ($25bn; \u00a315bn). China's economic success has seen a surge in bank lending, resulting in hefty profits for the country's top lenders","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/"},"author":{"name":"","@id":""},"headline":"ICBC bank’s profits increase 28%","datePublished":"2011-03-31T07:03:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/"},"wordCount":211,"commentCount":0,"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/","url":"https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/","name":"ICBC bank's profits increase 28% - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-03-31T07:03:13+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/03\/31\/icbc-banks-profits-increase-28\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/351729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=351729"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/351729\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=351729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=351729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=351729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}