CCB 1Q Net Rose 3% on Higher Interest Income

By P.R. Venkat

China Construction Bank's first-quarter profit rose nearly 3% year over year supported by higher net interest income.

Profit for the quarter ended March 31 came in at 83.12 billion yuan (US$12.82 billion), with net interest income gaining 4.3% at CNY147.15 billion, the country's second largest bank by assets said late Wednesday.

Credit impairment losses, however rose 6.44% on year during the quarter to CNY52.28 billion, the bank said.

Write to P.R. Venkat at [e-mail]

(END) Dow Jones Newswires

04-28-21 1803ET