China Construction Bank posts 4.9% rise in first-half profit
Fee and commission income outpaces growth of interest income, traditionally the primary source of earnings at China's second-largest lender by assets
28 August 2019 - 17:12
Beijing — China Construction Bank (CCB), the country’s second-largest lender by assets, on Wednesday posted a 4.9% increase in first-half profit, but margins shrank for the third consecutive quarter.
Net profit rose to 154.19-billion yuan ($21.74bn) for the January-June period from 147.0-billion yuan a year earlier, CCB said in a Shanghai Stock Exchange filing...
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