SHANGHAI, March 30 China Construction Bank Corp
(CCB) , the country's second biggest bank,
posted a 9.2 percent rise in net profits for the final three
months of 2013, becoming the third of China's four biggest banks
to beat market forecasts.
Its net profit rose to 38.18 billion yuan ($6.15 billion)
from 35 billion in the fourth quarter of 2012. That compares
with an average estimate of 37.4 billion yuan given in a poll by
Thomson Reuters of 12 analysts.
For the full year, net profit rose to 214.66 billion yuan
from 193.2 billion yuan in 2012.
CCB's non-performing loan ratio rose slightly to 0.99
percent at the end of December 2013 from 0.98 percent three
Interest income increased by 10.29 percent in 2013, while
gains in fees and commissions rose by 11.52 percent.
The bank's net interest margin was 2.74 percent at the end
of the fourth quarter, up from 2.71 percent at the end of the
Bank of China Ltd and Industrial and
Commercial Bank of China Ltd , also beat
estimates when they released their fourth quarter earnings last
week, with China's banks showing resilience even as the
country's economy slows.
(Reporting by Shanghai Newsroom; Editing by Greg Mahlich)