Q1 2019 Industrial and Commercial Bank of China Ltd Earnings Call (Chinese, English) Transcript
[Interpreted] Dear investors and analysts friends, good afternoon. Welcome to the first quarter of ICBC earnings call. Thank you for the support to ICBC in the past on behalf of Board of Directors and the General Manager of Corporate Strategy and IR department.
Today, we are joined by ICBC Board Secretary, Mr. Guan Xueqing; and the heads of 14 relevant departments from the head office, such as the General Manager of Credit and Investment Management, the General Manager of the Finance Accounting Department and the General Manager of Assets and Liabilities Management Department.
Before the Q&A session, I would like to introduce the highlights of the first quarter's results. In the first quarter in 2019, ICBC have recorded a solid and a high-quality growth, which can be interpreted in the following effects.
First, a stronger momentum of profit growth. In the first quarter, we reported the PBOC of CNY 161.8 billion, a 12% -- 12.5% growth year-over-year. The net profit was CNY 82.7 billion, a 4.6% growth year-over-year.
Secondly, asset
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