Industrial And Commercial Bank Of China Limited’s Net Profit Rose 0.5% in First Quarter of 2023

Industrial And Commercial Bank Of China Limited (中国工商银行股份有限公司) (601398.SH) reported a net profit of 90.8 billion yuan in the first quarter of 2023, up 0.5% year-on-year.

Meanwhile, the company posted 227.6 billion yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 42 trillion yuan in total assets and 38.4 trillion yuan in total liabilities, with a liability-to-asset ratio of 91.4%.