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China banks took 29 pct of 2011 global profit - study Jul 1, 2012   LONDON (Reuters) - Chinese lenders accounted for almost a third of global bank profit last year, up from 4 percent in 2007, as they grabbed market share given up by struggling European peers, according to The Banker magazine's annual rankings. Three Chinese banks topped the profit table, led by Industrial and Commercial Bank of China (ICBC) for the second successive year, with pretax earnings of $43.2 billion, according to The Banker. ICBC was followed by China Construction Bank , which delivered a $34.8 billion profit, and Bank of China , with earnings of $26.8 billion. ...     print     email to friend

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