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China Construction Bank Q1 net profit rises 3 pct
April 27, 2017 / 2:47 PM / 5 months ago

China Construction Bank Q1 net profit rises 3 pct

BEIJING, April 27 (Reuters) - China Construction Bank Corp (CCB) , the country’s second-biggest lender by assets, on Thursday reported 3 percent profit growth for the first quarter.

Profit reached 70 billion yuan ($10.15 billion) in the three months through March, up from 67.95 billion yuan a year earlier.

The result was in line with the average estimate of 70.4 billion yuan from analysts polled by Reuters.

CCB’s non-performing loan ratio was 1.52 percent at the end of March, flat with the end of 2016. ($1 = 6.8940 Chinese yuan renminbi) (Reporting by Shu Zhang and Matthew Miller; Editing by Randy Fabi and Mark Potter)

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