BUSINESS China Construction Bank net profit up 5.2 pct in Q1

BUSINESS

China Construction Bank net profit up 5.2 pct in Q1

Xinhua

21:10, May 02, 2020

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BEIJING, May 2 (Xinhua) -- China Construction Bank, one of the country's largest state-owned commercial banks, saw its net profit rise 5.2 percent year on year to 77.93 billion yuan (about 11.04 billion U.S. dollars) in the first quarter of 2020.

The company reported 76.92 billion yuan in net profit attributable to the shareholders of the bank in Q1, up 4.2 percent year on year.

At the end of March, the lender's total assets amounted to 24.19 trillion yuan, up 4.17 percent from the end of 2019. Its total liabilities stood at 22.12 trillion yuan, up 4.2 percent from the end of 2019, according to a released report from its website.

The non-performing loan ratio stood at 1.46 percent at the end of March, remaining unchanged from the level at the end of last year. Enditem

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