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China Construction Bank 2012 Net Rises 14%, Least in Six Years

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March 24 (Bloomberg) -- China Construction Bank Corp., the world’s second-largest lender by market value, posted its slowest profit growth in six years as the slowing economy curbed demand for financial services.

Net income rose 14 percent to 193.2 billion yuan ($31.1 billion) in 2012, or 0.77 yuan a share, from 169.3 billion yuan, or 0.68 yuan, a year earlier, the Beijing-based lender said in a statement to the Shanghai stock exchange today. That exceeded the 192.7 billion yuan average estimate of 29 analysts in a Bloomberg survey.

To contact Bloomberg News staff for this story: Jun Luo in Shanghai at jluo6@bloomberg.net; Helen Sun in Shanghai at hsun30@bloomberg.net

To contact the editor responsible for this story: Stanley James at sjames8@bloomberg.net

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