China Construction Bank Corp. (0939.HK) on Thursday said its net profit in the first quarter this year rose 3.03% to 70.01 billion yuan ($10.2 billion) from a year earlier, buoyed by fee and commission income.
Net interest income at China's second-largest commercial lender by assets fell by 0.9% to 106.9 billion yuan, while net fee and commission income rose 1% to 38.8 billion yuan in the first quarter, the bank said.
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The bank also reported 184.51 billion yuan of nonperforming loans at the end of the quarter, up from 178.69 billion yuan three months earlier. The bank's bad-loan ratio was unchanged from 1.52% at the end of last year.
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(END) Dow Jones Newswires
April 27, 2017 11:16 ET (15:16 GMT)