Report
Iris Tan
EUR 147.86 For Business Accounts Only

CCB’s First-Half Results Saw Slowing Topline Growth

China Construction Bank’s, or CCB's first-half results were in line with our expectations, with net profit increasing by 1.1% from the year-ago half. The results highlighted slowing topline growth dragged by narrowing net interest margin, or NIM, while fee income growth was still decent thanks to CCB’s leading position in asset management and bank card business. Asset quality remained in the downward trend with slowing pace of deterioration. Capital position remained strong at 13.06%, which shou...
Underlying
China Construction Bank Corporation Class A

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Iris Tan

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