25
China Construction Bank, one of China’s four major state-owned lenders, says its 2011 profit rose 25.5% despite government-imposed credit curbs and slowing economic growth.
The bank said Monday its profit rose to 169.3 billion yuan ($27.3 billion), or 0.68 yuan (11 U.S. cents) per share. Interest income rose 21.1 percent to 304.6 billion yuan ($49.1 billion), Associated Press reported.
The bank’s results were in line with its 2010 profit growth despite government curbs on lending and investment in an effort to ease high housing prices and inflation.
