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ICBC reports 29% jump in revenues

The world’s most profitable bank and China’s biggest bank, Industrial and Commercial bank of China (ICBC) posted results that showed strong business fundamentals despite analyst’s fears it may have compromised on the quality of its loan book during the recent credit boom. ICBC said its net income climbed to RMB53.8 billion ($8.3 billion) during the quarter, its non-performing loan ratio…

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