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China's biggest bank ICBC posts 44% jump in quarterly profit, beats estimate

BEIJING/SHANGHAI, March 26 (Reuters) - Industrial and Commercial Bank of China (ICBC) , the world’s biggest-listed lender by assets, reported a 44.2% jump in fourth-quarter net profit on Friday, its first profit gain in three quarters.

Net profit for the three months ended December rose to 87.2 billion yuan ($13.34 billion) from 60.5 billion yuan a year earlier, it said in a filing.

Profit for the full year increased 1.2% to 315.9 billion yuan, above a Refinitiv estimate of 290.2 billion yuan drawn from 24 analysts. ($1 = 6.5390 Chinese yuan renminbi) (Reporting by Zhang Yan, Cheng Leng in Beijing and Engen Tham in Shanghai; Editing by Toby Chopra)

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