SHANGHAI/BEIJING, Sept 12 Industrial and
Commercial Bank of China (ICBC) , the
country's biggest bank by assets, plans to promote its
vice-president Gu Shu to president, the latest step in the
lender's leadership reshuffle.
Gu, 49, will replace Yi Huimin, who was promoted to chairman
in May following the retirement of Jiang Jianqing.
Gu, who has worked at the bank for around 18 years, was
appointed as vice president in October 2013.
Gu's appointment was first reported late last week, and was
confirmed to Reuters by the bank on Monday.
ICBC reported flat growth in its first-half net profit as
margins shrank, hit by successive interest rate cuts.
(Reporting By Chen Yang in BEIJING; and Engen Tham in Shanghai;
Editing by Gopakumar Warrier)