Net Interest Margin Continued to Expand During CCB's 3Q
Narrow-moat China Construction Bank, or CCB, posted solid third-quarter results featuring 5.6% growth in revenue and 6.6% growth in net profit. Fee income growth was a bit disappointing, as asset management and cash settlement-related services fee continued to fall due to strict regulation and the regulator’s call for banks to reduce related service charge to small businesses. Though growth for the past quarter rebounded to 7.6%, versus a 6% growth and a 2.2% decline respectively in the first tw...
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