China Construction Bank First-Half Net Profit Up 3.7%

Features Dow Jones Newswires

China Construction Bank Corp. (0939.HK) on Wednesday said its first-half net profit rose 3.7%, thanks to higher interest and fee income.

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Net profit for the six months ended June 30 rose to 138.34 billion yuan ($21.3 billion) from 133.4 billion yuan a year earlier, China's largest bank by assets said.

Net interest income rose 3.25% to 217.85 billion yuan, while net fee and commission income rose 1.32% to 68.08 billion yuan.

Bad loans outstanding totaled 188.75 billion yuan at the end of June, up from 178.7 billion yuan at the end of 2016. The bank's non-performing loan ratio fell to 1.51% from 1.52% at the end of last year.

Write to Grace Zhu ail: grace.zhu@wsj.com

(END) Dow Jones Newswires

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August 30, 2017 09:05 ET (13:05 GMT)