CCB Reported Solid Top-Line Growth in the Third Quarter
China Construction Bank’s, or CCB’s, results for the first nine months included 3.3% growth in revenue and 1.2% growth in net profit from the year-ago period. The 3.3% revenue growth was the highest among state-owned enterprise banks. Top-line growth was driven by 4.1% growth in fee income and 34% growth in other income, including strong investment gains and hefty life insurance income growth, partially offset by a 7.3% decline in net interest income on narrowing net interest margin. The results...
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