China Construction Bank Posts Better-Than-Expected Profit
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China Construction Bank Corp., the nation’s second-largest lender by assets, posted a 20 percent gain in quarterly profit as lending and fee income grew and asset quality improved.
Net income climbed to 54.77 billion yuan ($8.6 billion) in the quarter ended June 30 from 45.6 billion yuan a year earlier, based on figures published by the Beijing-based lender yesterday. That beat the 49.9 billion-yuan average estimate of 16 analysts surveyed by Bloomberg.