|
BIZCHINA> Top Biz News
![]() |
|
CCB 2008 net rises 34% to 92.6b yuan
By Yang Zhen (China Daily)
Updated: 2009-03-28 09:42 China Construction Bank (CCB), the world's second largest lender by market value, on Friday posted a 34-percent rise in 2008 net profit on higher interest and fee income, despite losses on its US sub-prime mortgage-related holdings.
The bank's overall allowance for impairment losses for the full year jumped by 84.2 percent to 50.8 billion yuan, from the previous year's 27.6 billion yuan. The bank's non-performing loans ratio decreased to 2.21 percent, from 2.60 percent.
The bank's net interest margin rose to 3.24 percent in 2008, from 3.18 percent in 2007. CCB's earnings per share grew 33.33 percent in 2008 to 0.40 yuan from 0.30 yuan. Despite hiking the dividend to 0.084 yuan per share, from 0.065 yuan per share a year earlier, CCB's dividend payout ratio fell 20.9 percent in 2008 from 21.7 percent in 2007. (For more biz stories, please visit Industries)
|
乌海市| 邯郸县| 桂平市| 临沂市| 鹤岗市| 陇南市| 莲花县| 南涧| 洪湖市| 乌拉特中旗| 灯塔市| 威远县| 土默特右旗| 林芝县| 徐州市| 怀集县| 历史| 定远县| 双柏县| 阳高县| 梅州市| 八宿县| 阜城县| 海阳市| 普定县| 疏附县| 兴和县| 昌乐县| 东明县| 罗定市| 永仁县| 贵德县| 西青区| 高碑店市| 桐庐县| 六安市| 章丘市| 孟津县| 泸溪县| 固始县| 南漳县|