Industrial Bank Co Ltd Class A

601166: XSHG (CHN)
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Industrial Bank Earnings: Dragged Down by Muted Loan Growth, Asset Quality Is Stable

Industrial Bank's first-quarter revenue and net profit fell 3.6% and 2.2% year on year, respectively. Contraction in net interest margin narrowed to 7 basis points due to a 33-basis-point reduction in deposit costs, partly offset by the lower asset yield.

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