By the end of June 2008, the foreign institutional assets of the Industrial and Commercial Bank of China (ICBC) had already exceeded 43 billion US dollars, an increase of 22% from the early time this year.
It is learnt that during the first half year, the overseas institutions of ICBC have posted profit of 240 million US Dollars after provisions, a growth of 42% over the same period of last year.
Among which, the net income from service charge and commission remittance amounted to more than 90 million U.S. dollars, an increase of 28%. At the same time, the non-performing loan rate of the overseas institutions was 0.49%, a drop of 0.15 percentage points compare with that at the beginning of this year.
By People's Daily Online
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