High net interest margins and fee-based businesses helped Industrial and Commercial Bank of China (ICBC; 1398.HKG, 601398.SHA) profits climb 10.2% to US$42.3 billion (RMB263 billion) in 2013, South China Morning Post reported. The bank’s net interest margin, a gauge of lending profitability, stood at 2.57% last year, 9 basis points lower than 2012. Last year, ICBC generated US$71.3 billion (RMB443 billion) in net interest income, an increase of 6.1% over 2012. The bank’s net fee and commission income reached US$19.6 billion (RMB122 billion), up 15.3%.