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China Construction Bank net profit declines 18.2% in Q1

(chinadaily.com.cn)
Updated: 2009-04-25 10:31

China Construction Bank's first-quarter net profit fell 18.2 percent from a year earlier to 26.3 billion yuan ($3.85 billion), the bank announced Friday.

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Interest income was 50.87 billion yuan, down 6.55 percent, reflecting the central bank's five interest rate cuts since September, it said.

As of the end of March, non-performing loans totaled 81.9 billion yuan, down 1.95 billion yuan from the end of last year. Its non-performing loan ratio was 1.9 percent, down 0.3 percentage points from the end of 2008...

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