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<Results>ICBC 1Q NP RMB87.653B, Down 2.8%
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ICBC (01398.HK) announced the unaudited first quarter results ended March 2024 in accordance with International Financial Reporting Standards (IFRSs). The operating income declined 3.8% year on year to RMB210.165 billion. The net profit amounted to RMB87.653 billion, down 2.8%. EPS was RMB0.24.

Net interest income was RMB161.401 billion, representing a decrease of 4.16%. Annualized net interest margin (NIM) was 1.48%. Non-interest income reported RMB48.764 billion, representing a decrease of 2.57%, of which net fee and commission income was RMB39.342 billion, representing a decrease of 2.83%.

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