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CCB's profit hits RMB 106.49 bln in H1

Aug. 27, 2012 (China Knowledge) - China Construction Bank Corp or CCB<601939><0939>, one of the country's Big Four state-owned banks, announced yesterday that its net profit rose 14.57% YoY to RMB 106.49 billion in the first half of this year.

Basic earnings per share were RMB 0.43 during the period, according to the bank's interim report.

The lender's operating revenue reached RMB 227 billion in the first six months. Net interest income grew 16.46% YoY to RMB 169.69 billion in the period, accounting for 74.75% of the total operating revenue.   Net fee and commission income experienced a slower growth of 3.30%, hitting RMB 49.24 billion.

As of the end of June, CCB had total assets of RMB 13.5 trillion, 9.97% more than at the end of last year. Both capital adequacy ratio and core capital adequacy ratio increased in the period, reaching 13.82% and 11.19% at the end of June, respectively.

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