CCB profit jumps on higher lending and fee income
By Bloomberg News in Shanghai | China Daily | Updated: 2012-03-27 08:06
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A China Construction Bank Corp branch in Beijing. The bank posted net income in 2011 of 169.3 billion yuan ($26.8 billion). Nelson Ching / Bloomberg |
China Construction Bank Corp, the world's second-largest lender by market value, posted a 24 percent increase in fourth-quarter profit after higher lending and fee income outweighed provisions set aside for bad debt.
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