China Construction Bank Reports 15 Pct Net Profit Rise in 2009

WorldRich.net 10-03-29 xinhua

China Construction Bank (CCB), one of the four leading lenders in China, announced Sunday that its net profit rose 15.32 percent year on year to 106.84 billion yuan (15.65 billion U.S. dollars) in 2009.


The CCB's operating income decreased 0.12 percent in 2009 over 2008 to 267.2 billion yuan, the lender said in its 2009 annual report filed to the Shanghai Stock Exchange.


By the end last year, the bank's core capital adequacy ratio reached 9.31 percent, down 0.86 percentage point year on year.


The non-performing loan rate was 1.5 percent by the end of 2009, down 0.71 percentage point from a year earlier, the report said.


The CCB's A-share stock price rose 1.27 percent to 5.58 yuan per share on Friday.


The total assets of the Beijing-based lender rose 27.37 percent by the end of 2009 to 9.62 trillion yuan from a year earlier, according to the report.


The bank would strengthen its financing support for China's economic restructuring efforts, smaller firms and the agricultural sector this year, said Guo Shuqing, chairman of the CCB.


The lender said 1.54 trillion yuan new loans went to infrastructure projects in 2009, accounting for 53.12 percent of its new combined corporate loans last year.




The Last article£º
The Next article£º

Top Business News

  • ¡¤Iran Calls for Oil Market Stab
    ¡¤Huaneng gears up nuke plant(Pi
    ¡¤Beijing Hikes Prices for Gas, 
    ¡¤Oil falls below US$90 per barr
    ¡¤Nigeria, US Agree on New Gas P

Today's Market

Special Introduction

World Trade

  • ¡¤G-77 calls for ending Doha Rou
    ¡¤Singapore, Zhejiang seek new f
    ¡¤ Canadian province looks to bu
    ¡¤China's Foreign Trade Value do
    ¡¤Brazil starts exporting soybea

WorldRich

Contact usEmail:Rock_shi@163.com

Copyright@WorldRich.net All rights are reserved