Sindonews.com -China Construction Bank, the fourth-largest bank reported a net profit increase of 14.1 percent year-on-year in 2012, lifted net interest income growth.
Reported by Global Post, Monday (25/3/2013), the bank said, the company's net profit totaled 193,2 billion yuan (USD31,2 billion), up from 169,3 billion yuan in 2011. Net-interest income calculated from interest earned minus interest payments the customer-16.0 percent jump to 353,2 billion yuan, accounted for more than two-thirds of the bank's operating income last year.
However, the bank warned of a gradual liberalization of interest rates in China will hurt corporate profits in the future.
The Central Bank last year extending its range, that bank deposit and credit interest rates can soar to the benchmark level, an action that could result in the bank's net interest margin narrowed.
The bank stated, will be active doing research on interest rate liberalization by growing and improve the ability in responding to the price reform.
The Non-performing loan ratio dropped to 0.99 per cent last year, from 1,09 percent in 2011. While the Capital adequacy ratio, a measure of capital to assets, rose to 14,32 percent last year, from 13,68 percent in 2011, helped by the issuance of bonds of 40 billion yuan.
Shares of China Construction Bank climbed 2.43 percent to HKD 6.32 (USD0,81) in midday trading on the Hong Kong and Shanghai rose 1.49 percent to 4.78 yuan.
(dmd)Finance; Investment; Business; Economics
Finance; Investment; Business; Economics
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