China Construction Bank’s Bad-Loan Buffer Slips Below Minimum
- Lender grinds out profit gain by cutting bad-loan provisions
- Profit increased 1.3 percent in quarter from a year earlier
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China Construction Bank Corp. ground out a 1.3 percent gain in quarterly profit -- by letting its bad-loan buffer fall below a regulatory minimum.
The lender’s loan-loss coverage ratio was 148.8 percent, less than the required 150 percent, according to its filing to Hong Kong’s stock exchange on Thursday.