Bloomberg
China’s Bank of Communications Posts 49% Quarterly Profit Rise as Pandemic Eases
(Bloomberg) — China’s largest banks extended their share rally after unexpectedly delivering their biggest jump in quarterly profits in at least a decade, boosted by rising demand for credit and easing bad-loan pressure as economic growth accelerates out of the pandemic.Reporting their earnings on Friday, Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, China…
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