China Construction Bank sees profit soaring by 25.5% in 2011

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Source: Marketwatch
China Construction Bank reported a 25.5% surge in net profit for 2011. The net income for the bank approached 26.9 billion US Dollars, being lifted by higher commissions and interest rates.  However, government's measures aimed at tightening the real estate market weighted down on the gains. Despite expectations that the prudent property polices would be continued, the largest lender to house buyers projects the home loans to expand by 12% in 2012.

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Mon, 26 Mar 2012 11:42:45 GMT

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