China’s ICBC posts decade-low profit growth; bankers pledge more help on debt – Nasdaq

Reuters

* ICBC 2016 net profit up 0.4 pct

    * Bankers pledge more debt-to-equity swaps

    * Expect margin squeeze to ease later this year

 (Recasts, adds background, comments, details)

    SHANGHAI/BEIJING, March 30 (Reuters) - The world's largest

lender, Industrial and Commercial Bank of China (ICBC)

<601398.SS> <1398.HK>, reported its slowest rate of annual

profit growth in more than a decade on Thursday, and China's

bankers pledged to do more to help borrowers struggling with

debt.

    ICBC's results came after three other leading Chinese banks

posted modest profit growth for last year, as they battle t...
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