China Construction Bank Co. Ltd. saw its net profit climb by nearly 11% in the first half as the company boosted its service capabilities, according to a filing.
- China Construction Bank reported a 10.92% increase in net profit to RMB154.106 billion, while its operating income grew 5.83% to RMB380.907 billion and pretax profit up 9.30% to RMB183.463 billion.
- The proportion of soured loans declined by 0.03 percentage points to 1.53%, as non-performing loans gained RMB16.252 billion to RMB276.981 billion. Distributed loans and advance payments jumped 7.78% or RMB1.26 billion.
- The lender attributed the growth to the increase in the scale of interest-bearing assets which climbed by RMB1.7 trillion to RMB29.83 trillion and enhanced its comprehensive service capabilities.
- CCB will focus on the strategies involving inclusive financing, construction of intelligent finance, facilitating the development of the excellent fortune system, and strengthening asset quality management.
Total liabilities amounted to RMB27.37 trillion, up 6.32% or RMB1.63 trillion versus a year ago. The deposit balance grew 8.26% or RMB1.70 trillion to RMB22.32 trillion. 601939, is down 1.37%.