Latest News:  
Beijing   Shower    27 / 21 ℃  City Forecast

English>>China Business

China Construction Bank net profit up in H1


08:29, August 27, 2012

BEIJING, Aug. 26 (Xinhua) -- China Construction Bank, the country's second largest state-owned bank, said its net profit rose 14.57 percent to 106.49 billion yuan (about 16.9 billion U.S. dollars) in the first half of this year.

The bank's business revenue during the period totalled 227 billion yuan, registering a 15.8 percent year-on-year growth, according to the bank's report filed with the Shanghai Stock Exchange late Sunday.

Total assets of the bank stood at 13.5 trillion yuan as of the end of June, up nearly 10 percent compared to the end of last year.

Net interest income grew 16.46 percent year on year to 169.7 billion yuan, accounting for 74.75 percent of the total business revenue, said the bank.

Income from commission charges also rose 3.3 percent from the same period last year to 49.24 billion yuan, it said.

As of the end of June, the bank's capital adequacy ratio stood at 13.82 percent, while core capital adequacy ratio was 11.19 percent, down 0.14 percentage point and 0.22 percentage point from six months earlier, respectively.

The bank's non-performing loan (NPL) ratio was 1 percent as of the end of June, down 0.09 percentage point compared to the level at the end of 2011. Meanwhile, the bank's outstanding NPL stood at 70.42 billion yuan, down 498 million yuan from six months ago.

Shares of the bank dropped 0.75 percent to 3.98 yuan in Shanghai on Friday.

News we recommend:
Right move in VAT direction Survey shows SOE jobs are top choice CNOOC pushes ahead with Nexen acquisition
Consumers turn toward imported food Staying on Target More new grads opt for State firms
Treading Lightly for Fast Growth  Online retailers declare cut-throat price war Central bank makes record cash injection


Leave your comment0 comments

  1. Name


Selections for you

  1. Troops at foot of Tianshan mountains

  2. 2 dead, 9 injured in NYC shooting

  3. Amusement parks boost real estate market

  4. Trip to Hong Kong Ocean Park, China

  5. Gao Yuanyuan on Rayli cover

  6. Thai market: shop at your own risk

Most Popular


  1. Commentary: Quality of governance essential
  2. Brand positioning through experience
  3. Visits highlight Cairo foreign policy change
  4. New Silk Road has potential for global significance
  5. Egypt to pursue a more active diplomatic approach
  6. Commentary: Moderate growth rate
  7. The not so curious case of single women
  8. Editorial: Solution to trade war
  9. 'Made in SE Asia' doesn't doom China
  10. Once warm Sino-Soviet relationship can be revived

What's happening in China

Grape harvest season begins in SW China

  1. A look behind the documentaries
  2. A decade in Dutch eyes
  3. American sees beyond the glamor in filmmaking
  4. China's coal mines still risky
  5. Bus crash kills 1, injures 37 in north China

China Features

  1. China no longer simply 'world's factory'
  2. Sharp depreciation of yuan unlikely
  3. Special Coverage: Chinese Valentine's Day
  4. Rare tornadic waterspouts appear in Guangxi
  5. Tips for 'Stopping the Heat' [Special]

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai