BEIJING/SHANGHAI, April 28 (Reuters) - China Construction Bank Ltd (CCB) posted a 2.8% increase in first-quarter profit as China’s recovery from the COVID-19 pandemic accelerated and stoked demand for credit in the world’s second-largest economy.
Net profit rose to 83.1 billion yuan ($12.82 billion) in the three months through March 31 from 80.9 billion a year earlier, China’s No. 2 lender by assets said in a filing on Wednesday.
$1 = 6.4841 Chinese yuan renminbi Reporting by Zhang Yan, Cheng Leng and Engen Tham; editing by Muralikumar Anantharaman and Jason Neely
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