7:25 PM Hong Kong, China - Bank of Communications Co., Ltd net interest income rose 30% and net profit rose 31%. Industrial and Commercial Bank of China Limited net interest income rose 18.5% and net profit rose 18%.

Bank of Communications Co., Ltd, the bank said first quarter net interest income rose 30% to 19.0 billion yuan from 14.6 billion yuan a year ago. Net profit in the quarter rose 31% to 10.5 billion yuan or 0.21 yuan per diluted share compared to net profit of 8.0 billion yuan or 0.16 yuan per share a year ago.

Bank of Communications Co., Ltd, in the last one year traded as high as Rmb 11.38 in July 2009 and as low as Rmb 6.28 in April 2009. Based on the yesterday’s closing price of Rmb 7.01 the company has market cap of Rmb 1.5343.45 billion.

Industrial and Commercial Bank of China Limited, the commercial bank said first quarter net interest income rose 18.5% to 68.4 billion yuan from 57.7 billion yuan a year ago. Net profit in the quarter rose 18% to 41.55 billion yuan or 0.12 yuan per diluted share compared to net profit of 35.15 billion yuan or 0.11 yuan per share a year ago.

Industrial and Commercial Bank of China Limited, in the last one year traded as high as Rmb 5.76 in November 2009 and as low as Rmb 3.99 in April 2009. Based on the yesterday’s closing price of Rmb 4.49 the company has market cap of Rmb 1.50 trillion.