RETAIL BANKING | Cesar Tordesillas, China

CCB post operating income of $30B for 1st half

China Construction Bank realized an operating income of 197.246 billion yuan or around US$30.82 billion for a year-on-year increase of 28.31 percent in the first half of 2011.


The bank experienced an  increase of net interest income and intermediary business to achieve an excellent operating result in the first half of 2011, thanks to the, CCB Executive Vice President Hu Zheyi said here on Monday.

During the same period, its profit before tax and net profit were respectively 120.789 billion yuan and 92.953 billion yuan, which represented rapid growth rates of 31.02 percent and 31.33 percent respectively.

Net interest income has reached 145.71 billion yuan in the first six months of 2011, or a year-on-year increase of 23.69 percent.

Moreover, with its traditional interest-based business consolidated, CCB was able to maintain a fast pace of growth in its intermediary business.

The full story is available at Xinhua News.

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