China Construction Bank profit up 15% in 2009
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China Construction Bank (CCB), one of the four leading lenders in China, announced Sunday that its net profit rose 15.32 percent year on year to 106.84 billion yuan (15.65 billion U.S. dollars) in 2009.
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| China Construction Bank reports net profit up by 15% in 2009. [CFP] |
![China Construction Bank reports net profit up by 15% in 2009. [CFP]](http://images.china.cn/attachement/jpg/site1007/20100329/001fd04cea510d1a5a5238.jpg "China Construction Bank reports net profit up by 15% in 2009. [CFP]")
By the end last year, the bank's core capital adequacy ratio reached 9.31 percent, down 0.86 percentage point year on year.
The non-performing loan rate was 1.5 percent by the end of 2009, down 0.71 percentage point from a year earlier, the report said.
The CCB's A-share stock price rose 1.27 percent to 5.58 yuan per share on Friday.
The total assets of the Beijing-based lender rose 27.37 percent by the end of 2009 to 9.62 trillion yuan from a year earlier, according to the report.
The bank would strengthen its financing support for China's economic restructuring efforts, smaller firms and the agricultural sector this year, said Guo Shuqing, chairman of the CCB.
The lender said 1.54 trillion yuan new loans went to infrastructure projects in 2009, accounting for 53.12 percent of its new combined corporate loans last year.
