China Construction constructs profit jump
(China) - China Construction Bank has produced a profit of 6.15 billion yuan (US$846 million) for the six months ending June, a jump of 1.61 billion yuan (US$221 million) or 26.1 percent year on year.
The Bank's full year profit forecast has been achieved at its half way point.
Some 10.22 billion yuan (US$1.41 billion) has been used to write off debt, with non-performing loans being reduced by 13.1 billion yuan (US$1.8 billion) to 13.21 percent of its total loan book.
Some 10.22 billion yuan (US$1.41 billion) has been used to write off debt, with non-performing loans being reduced by 13.1 billion yuan (US$1.8 billion) to 13.21 percent of its total loan book.
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