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Industrial and Commercial Bank of China (1398) and Bank of China (3988) both reported better-than-expected profit growth in the second quarter as net interest margins held steady while fees rose sharply.迷你倉 That came after ICBC, the world's largest bank by market capitalization, posted first-half net profit of 138.3 billion yuan (HK$175.3 billion), up 12.3 percent from a year back. In the second quarter, the lender earned 69.6 billion yuan, beating estimates of 67.1 billion yuan. Earnings per share for the first half were 40 fens. Net interest income hit 215.9 billion yuan in the six months to June 30, up 5.8 percent on-year but net interest margin shrank by 9 basis points to 2.57 percent. ``NIM is expected to stabilize in the second half,'' chairman Jiang Jianqing said, adding the bank will continue to optimize loan structure and is confident that non-performing loan ratio will be well below the 1.2 percent target. NPL ratio rose 0.02 percentage points on-year to 0.87 percent in the first half, with bad loans as of June 30 totaling 81.8 billion yuan. But in a sign that more loans may turn sour 文件倉ater this year, ICBC reported that overdue loans not designated as non- performing rose to 69.2 billion yuan, or 0.73 percent of all loans, from 0.71 percent at the end of last year. Some progress was made on reducing reliance on interest income as fee-based income rose 23 percent in the period. Rival BOC, meanwhile, reported a better first-half NIM and NPL ratio. Interim net profit of the fourth-largest domestic lender was 80.7 billion yuan, up 12.9 percent on-year. Earnings per share were 29 fens. NIM advanced 13 basis points on- year to 2.23 percent, with total net interest income rising 11 percent to 137.3 billion yuan. BOC's NPL ratio narrowed by 0.02 percentage points to 0.93 percent as of June 30, with the balance of bad loans at 69.5 billion yuan. Fee income also jumped - by 24 percent to 69 billion yuan. Both lenders saw a dip in capital adequacy ratio. At ICBC, it slid to 13.11 percent as of as of June 30, from 13.66 as of December 31. The CAR at BOC fell to 13.33 percent, from 13.63 percent. Both met regulatory demands. Neither proposed interim dividends. grace.cao@singtaonewscorp.com 存倉