CCB's net profit gained nearly 1pc

China Construction Bank (0939) reported a 0.88 percent rise in last year’s net profit to 335.58 billion yuan (HK$359.33 billion), and nearly halved the final dividend under low interest rate pressure.

The state-owned bank declared a final dividend of 20.6 fen per share, versus 40 fen one year ago. The full-year dividend amounted 40.3 fen, with a dividend payout ratio of 30 percent.

Net interest income fell over 4 percent to 589.88 billion yuan from a year earlier, as net interest margin narrowed by 19 basis points to 1.51 percent. 

Fee and commission income amounted to 104.93 billion yuan, down over 9 percent over the year.

As of the end of last year, the non-performing loan ratio was 1.34 percent, a decrease of 0.03 percentage point year-on-year. The non-performing loan ratio of the real estate industry dropped to 4.79 percent, a decrease of 0.85 percentage points year-on-year.

STAFF REPORTER