BUSINESS China Construction Bank 6-month profit rises 6.3%

BUSINESS

China Construction Bank 6-month profit rises 6.3%

Xinhua

22:39, August 30, 2018

China Construction Bank Corp. (0939.HK) Tuesday said its first-half net profit rose 6.3 percent, thanks to higher interest and fee income.

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Photo: Xinhua

Net profit for the six months ended June 30 rose to 147.03 billion yuan ($21.6 billion) from 138.34 billion yuan a year earlier, China's second largest bank by assets said.

Net interest income rose 9.9 percent to 239.49 billion yuan, while net fee and commission income rose 1.4 percent to 69 billion yuan.

Bad loans outstanding totaled 198.75 billion yuan at the end of June, up from 192.29 billion yuan at the end of 2017. The bank's non-performing loan ratio fell to 1.48percent from 1.49 percent at the end of last year.

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