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* ICBC H1 net profit up 4.7% on-year
* NIM 2.29% end-June vs 2.31% end-Mar
* NPL ratio 1.48% end-June vs 1.51% end-Mar (Adds details of results)
BEIJING/SHANGHAI, Aug 29 (Reuters) - Industrial and Commercial Bank of China (ICBC) , the world's largest commercial bank, posted a 4.7% rise in first-half net profit largely on growth in fee and commission income.
ICBC's half-year results underpin the strength of China's largest banks despite a slowing Chinese economy and Beijing prodding them to lend to riskier small and medium-sized firms.
Its profit for the six months ended June 30 rose to 167.93 billion yuan ($23.68 billion) from 160.4 billion yuan in the same period a year ago, according to the lender's statement to the Hong Kong stock exchange on Thursday.
The figure implied a net profit of 85.93 billion yuan for the second quarter, up 5.2% from 81.64 billion yuan a year ago, according to Reuters calculations.
Net fee and commission income grew 11.7% in the first-half to 88.5 billion yuan from 79.3 billion yuan on the strength of the bank's card business, it said.
However, like Bank of Communications and China Construction Bank Corp, two of the big five banks who reported earlier, ICBC's net interest margin (NIM), a key gauge of profitability, slid to 2.29% at end-June, from 2.31% in end-March.
Smaller Chinese banks are facing liquidity issues and mounting risks. Three regional banks have been bailed out by Beijing this year. Large state banks acted as 'white knights', with ICBC announcing a 30 billion yuan investment for a 10.82% stake in troubled Bank of Jinzhou.
ICBC's non-performing loan (NPL) ratio was 1.48% at end-June, versus 1.51% at the end of March.
By the end of the June quarter, the non-performing loan ratio for China's banking sector reached 1.81%, the highest since 2009, recent data from the China Insurance and Banking Regulatory Commission showed. ($1 = 7.0928 Chinese yuan renminbi) (Reporting by Cheng Leng in BEIJING and Engen Tham in SHANGHAI; Editing by Muralikumar Anantharaman)