China Construction Bank net profit up 11 pct in 2021

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China Construction Bank, one of the country’s largest state-owned commercial banks, saw its net profit rise 11.09 percent year on year to 303.93 billion yuan (about 47.86 billion U.S. dollars) last year.

The company reported 302.51 billion yuan in net profit attributable to the shareholders of the bank in 2021, up 11.61 percent year on year, according to the company’s report filed with the Shanghai Stock Exchange.

At the end of last year, the lender’s total assets amounted to 30.25 trillion yuan, up 7.54 percent from the end of 2020. Its non-performing loan ratio stood at 1.42 percent at the end of last year, down 0.14 percentage points from 2020.—APP

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