China Construction Bank Corporation (CCB) saw an almost five percent increase in its first-half profit. Meanwhile, all structured products distributed by CCB were deposits with capital as well as coupon guaranteed at maturity.
The net profit of China’s second-largest lender in the first six months of this year rose 4.9% from the same period a year ago to CNY154.19 billion (US$21.55 billion), according to CCB’s interim results announcement. Its net interest margin also went up to 2.27% from 2.34% posted in the first half last year. The Chinese bank attributed the rise to the “rapid” increase in fees and commissions from credit cards, agency insurance services and syndicated loans. It also cite
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