Latest News:  
Beijing   Overcast/Moderate rain    9 / 12 ℃  City Forecast

English>>China Business

China Construction Bank net profit up 13.8 pct

(Xinhua)

08:06, October 29, 2012

BEIJING, Oct. 28 (Xinhua) -- China Construction Bank (CCB), the country's second-largest state-owned bank, said its net profit rose 13.8 percent year on year to 158.19 billion yuan (about 25.1 billion U.S. dollars) in the first three quarters of this year.

Net profit for the third quarter in 2012 stood at 51.91 billion yuan, compared with 46.19 billion during the same period of last year, according to a report the bank filed with the Shanghai Stock Exchange late Sunday.

The bank's business revenue during the January-September period reached 341.27 billion yuan as of the end of September.

Net interest income grew 17.05 percent year on year to 261.02 billion yuan, contributing to most of CCB's total business revenue, said the bank.

Income from commission charges added only 1.64 percent from the same period last year to 69.92 billion yuan, it said.

As of the end of September, the bank's capital adequacy ratio stood at 13.87 percent, while core capital adequacy ratio was 11.35 percent, up 0.19 percentage points and 0.38 percentage points, respectively, from the end of last year.

The bank's outstanding non-performing loan (NPL) stood at 72.95 billion yuan, up 2.03 billion yuan from the end of last year, but the NPL ratio remained unchanged at 1 percent as compared with the end of June, down 0.09 percentage points from the level at the end of 2011.

News we recommend:
[Special]'Made in China' Revisited Chinese property companies speed up Rising food prices haunt our future
Telecom sector not in trouble Why foreign investors should stay? HNA Group buys 48% stake in French airline
Asian economies turn to yuan  A Blessing for Businesses The Bitter Blessing

Email|Print|Comments(Editor:李倩、张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Weekly review of military photos

  2. Astronomy pictures of the week

  3. Russian aerobatic team

  4. Typhoon Son-Tinh brings gales

  5. Shanghai enveloped in haze

  6. Wal-Mart to open 100 more stores in China

  7. Acrobatic Art Festival kicks off

  8. Mystery man can fly.It's true!

Most Popular

Opinions

  1. Understanding key to Sino-US relations
  2. Kindergarten abuse cases becoming major worry
  3. Reform required for China's economic growth
  4. External markets crucial for business success
  5. Fears that yuan rise will hit exports unfounded
  6. Tax reform crucial to stable growth
  7. No sharp decline for property prices
  8. Japan to bear consequence of breaking promise
  9. How to hard sell China's soft power
  10. Commentary: China's top spot for global FDI

What’s happening in China

Shanghai enveloped in haze

  1. Beijing toughens road measures for CPC congress
  2. Exhibition on China's progress opens in Beijing
  3. Apple iPhone 5 on sale in China by December
  4. Panda habitat to be built in Sichuan
  5. Timekeeper jailed after ringing bell early at exam