Profits fell at China's biggest bank ICBC in the third quarter, as it saw rising bad loans in the world's second-largest economy.
Industrial and Commercial Bank of China's net profit for the July to September period was 72.58 billion yuan ($10.7 billion).
This compared with 72.74 billion yuan in the same period last year, it said in a statement to the Hong Kong stock exchange.
The bank's non-performing loan (NPL) ratio rose to 1.62% at the end of September, from 1.5% at the end of last year.
Another state-owned banking giant, Bank of China, also reported rising bad loans earlier this week, up to 1.48% from 1.43%.
Concerns are increasing about rising credit risks in China, as Beijing seeks to use rapid credit expansion to boost economic growth - stuck at 6.7% for the third quarter in a row, according to official figures.
Analysts have warned that a debt-fuelled rebound might be short-lived and ballooning borrowings risk sparking a financial crisis if bad loans and bond defaults spread.
China's two other "Big Four" banks said they had controlled their bad loans, with Agricultural Bank of China's NPL ratio stable at 2.39% at the end of the third quarter, and China Construction Bank's falling slightly from 1.58% to 1.56%.
