China's CCB says interest margin drop almost over

BEIJING Aug 24 (Reuters) - The decline in China Construction Bank's net interest margin has almost bottomed out, Guo Shuqing, chairman of the country's second-largest lender by assets, said on Monday.

Guo was briefing reporters on the bank's interim earnings, which it released on Friday.

China Construction Bank (601939.SS)(0939.HK), in which Bank of America (BAC.N) holds a stake of about 11 percent, reported a forecast-beating $4.33 billion profit for the second quarter, up 11 percent from a year earlier, as loans soared under Beijing's economic stimulus plan. [ID:nHKG273680] (Reporting by Michael Wei and Alan Wheatley; Editing by Chris Lewis)