BEIJING/SHANGHAI (Reuters) - Industrial and Commercial Bank of China Ltd (ICBC), the world's largest lender by assets, said net profit fell 2.78% in the first quarter of this year.
Profit was 87.65 billion yuan ($12.10 billion) in the three months ended March, compared with 90.16 billion yuan in the same period last year, the bank said in a filing on Monday.
($1 = 7.2436 Chinese yuan)
(Reporting by Ziyi Tang and Engen Tham; Editing by Jacqueline Wong)