China Construction Bank Registers 11% Rise In 2013 Net Income


News: China Construction Bank registered an 11% rise in net income to CNY214.7bn (US$34.28bn) in 2013, compared with CNY193.18bn (US$30.85bn) in 2012. The bank provided 14% more loans by value in 2013, with its total outstanding credit standing at CNY8.6trn (US$1.37trn). Net interest margin increased to 2.74% at end December 2013, up from 2.71% at end September 2013. The bank's bad-loan ratio was 0.99% at end December 2013.

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Geography: China