SHANGHAI, Mar 30 (Reuters): China Construction Bank Corp (CCB), the country's second biggest bank, posted a 9.2 per cent rise in net profits for the final three months of 2013, becoming the third of China's four biggest banks to beat market forecasts.
Its net profit rose to 38.18 billion yuan ($6.15 billion) from 35 billion in the fourth quarter of 2012. That compares with an average estimate of 37.4 billion yuan given in a poll by Thomson Reuters of 12 analysts.
For the full year, net profit rose to 214.66 billion yuan from 193.2 billion yuan in 2012.
CCB's non-performing loan ratio rose slightly to 0.99 per cent at the end of December 2013 from 0.98 per cent three months earlier.
Interest income increased by 10.29 per cent in 2013, while gains in fees and commissions rose by 11.52 per cent.
The bank's net interest margin was 2.74 per cent at the end of the fourth quarter, up from 2.71 per cent at the end of the third.
China Construction Bank\\\'s profit beats estimates
FE Team | Published: March 31, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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