China Construction Bank reports 15% net profit rise in 2009

08:22, March 29, 2010      

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China Construction Bank (CCB), one of the four leading lenders in China, announced Sunday that its net profit rose 15.32 percent year on year to 106.84 billion yuan (15.65 billion U.S. dollars) in 2009.

The CCB's operating income decreased 0.12 percent in 2009 over 2008 to 267.2 billion yuan, the lender said in its 2009 annual report filed to the Shanghai Stock Exchange.

By the end last year, the bank's core capital adequacy ratio reached 9.31 percent, down 0.86 percentage point year on year.

The non-performing loan rate was 1.5 percent by the end of 2009, down 0.71 percentage point from a year earlier, the report said.

The CCB's A-share stock price rose 1.27 percent to 5.58 yuan per share on Friday.

Source: Xinhua
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