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CCB earns RMB 51.51 bln in Q1

May. 2, 2012 (China Knowledge) - China Construction Bank Corp or CCB<601939><0939>, one of the country's Big Four state-owned banks, announced its net profit climbed 9.17% year on year to RMB 51.51 billion in the first quarter of this year.

Basic earnings per share were RMB 0.21 in the quarter, up; 10.53% year on year.

CCB realized RMB 109.68 billion in operating revenue in the first three months, representing a growth of 13.86% year on year.

Net interest income increased 14.62% year on year to RMB 82.10 billion in the period. However, net interest margin fell ten basis points year on year to 2.48% in the quarter.

At the end of the first quarter, the lender's total assets had grown 8.11% from a year earlier to RMB 13.28 trillion.

The bank saw drops in both its capital adequacy ratio and core capital adequacy ratio, which stood at 13.66% and 11.02% at the end of March, down 0.02 and 0.05 percentage points from the end of 2011, respectively.

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