BEIJING/SHANGHAI (Reuters) – China Construction Bank Corp (CCB) logged a 57.6% jump in fourth-quarter net profit, its first climb in profit in three quarters.
China’s second-biggest lender by assets after saw profits rise to 65.2 billion yuan ($9.97 billion) in the October to December period, compared with 41.4 billion yuan a year earlier.
Profit for the full year increased 1.6% to 271.1 billion yuan, above a Refinitiv estimate of 249.7 billion yuan drawn from 23 analysts.
($1 = 6.5397 Chinese yuan renminbi)
(Reporting by Zhang Yan, Cheng Leng in Beijing and Engen Tham in Shanghai, editing by Louise Heavens)