The Industrial and Commercial Bank of China (ICBC), the country's largest lender, posted a profit of 138.5 billion yuan (USD 22.3 billion), registering a year-on-year increase of 12.4 per cent.
ICBC's net interest income climbed 5.8 per cent from a year earlier to 215.9 billion yuan while the net fee and commission income grew 23 per cent to 67.4 billion yuan in January-June, the Bank said today in a statement to the Shanghai Stock Exchange.
Bank of China (BOC), the country's fourth biggest lender, reported on Thursday that its first-half net profit was up 12.9 per cent to top 80 billion yuan.
BOC said its net interest income increased 10.7 per cent to 137.3 billion yuan and fee and commission income rose 32.8 per cent to 45.5 billion yuan, state-run Xinhua news agency reported.
ICBC's shares edged down 0.26 per cent to end at 3.87 yuan while BOC closed flat at 2.63 yuan.
The country's state-owned "Big Four" banks - ICBC, BOC, China Construction Bank and Agricultural Bank of China - all reported more than 12 per cent increases in their half-year net profit.
Industry-wide, combined net profits grew 13.8 per cent to 753 billion yuan in the first six months this year, according to data calculated by the China Banking Regulatory Commission, the country's banking regulator.
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