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China Construction Bank reports steady profit growth

October 31, 2019


Abstract : China Construction Bank, one of the country's largest state-owned commercial banks, saw a 5.25-percent rise in net profit attributable to shareholders in the first three quarters from a year earlier.

BEIJING, Oct. 30 (Xinhua) -- China Construction Bank, one of the country's largest state-owned commercial banks, saw a 5.25-percent rise in net profit attributable to shareholders in the first three quarters from a year earlier.

The company raked in 225.34 billion yuan (about 31.87 billion U.S. dollars) in net profit attributable to shareholders, with revenue rising 7.66 percent year on year to 539.64 billion yuan, according to the company's report filed with the Shanghai Stock Exchange Wednesday.

At the end of September, the lender's total assets stood at 24.52 trillion yuan, up 5.58 percent from the end of 2018. Its total liabilities stood at 22.36 trillion yuan, up 5.34 percent from the end of 2018.

The bank's non-performing loan ratio stood at 1.43 percent at the end of September, 0.03 percentage points down from the end of last year.

Its net interest income was 379.52 billion yuan in the first three quarters, up 3.77 percent year on year.

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Keyword: banking net profit China Construction Bank

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