Profit Surge at ICBC and Bank of China

Industrial & Commercial Bank of China Ltd., or ICBC, said net profit jumped 62% to 41.04 billion yuan ($5.43 billion) from 25.4 billion yuan a year earlier, owing to higher interest income and an expansion of new businesses. It also reported that net income from fees and commissions for the first six months of the year soared 89% from the same period last year to almost 15 billion yuan.
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