China's State Banks Find a Flicker of Hope in Margins China's six largest state owned banks – Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), Bank of China (BOC), Bank of Communications (Bocom), and Postal Savings Bank of China (PSBC) – have reported a rare instance of simultaneous growth in the latest half year results.
For the first time since 2022, all six lenders have achieved positive growth on both revenue and net profit.
The numbers are impressive: a combined operating income of over 2 trillion yuan ($297 billion) and a net profit of approximately 712. 6 billion yuan.