China Construction Bank’s Net Rises 47%

China Construction Bank Corp., in which Bank of America Corp. holds an 8.52% stake, said net profit for the six months ended June 30 totaled 34.22 billion yuan ($4.53 billion), up 47% from 23.22 billion yuan last year. Like most Chinese lenders, CCB gets the bulk of its earnings making loans to local companies.
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Posted by: on Thursday, August 30th, 2007