China Construction Bank registered a 25.48% growth in its $26.89 billion net profit in 2011.
The bank netted CNY134.84 billion or $21.38 billion in 2010.
CCB's net interest income for the 12 months ended 31 December 2011, grew 21% to $48.3 billionn from US$ 39.88 billion, and its net fee and commission income rose to $13.79 billion from $10.48 billion.
The Bank’s net interest margin improved to 2.7% at the end of last year from 2.49% in the previous year, while its operating income stood at
$63.28 billion compared to $51.55 billion during the same period previous year.
Profit before tax for the full year 2011 was $34073bn against $27.75bn during the corresponding period prior year.
The bank also announced that its loans to the real estate industry grew by 0.2% last year, compared with a 12% increase in 2010. Total non-performing loans ratio dropped to 1.09% from 1.14% over the same period. The bank’s capital adequacy ratio was 13.68% as of the end of last year, higher than the 12.68% in 2010, while its core capital adequacy ratio stood at 10.97% as of 2011, up from the 10.40% in 2010, CCB said.
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