China's CCB posts higher Q4 profit, loan quality worsens

China Construction Bank , the world's No.2 lender valued at $193 billion, joined smaller rival AgBank in reporting earnings lower than the market had expected as China's slowing growth squeezes its top ...

SHANGHAI/HONG KONG (Reuters) - China Construction Bank (CCB) , posted a 20 percent rise in second-quarter profit as the world's second-biggest lender by market value seeks to raise $11 billion to fuel growth restrained by a weak capital base.

HONG KONG (Reuters) - China Construction Bank (CCB) , the world's second-largest lender by market value, said on Monday it would be "reasonable" for major shareholder Bank of America to reduce its stake to 10 percent.

China Construction Bank Corp., the country's second largest lender, said Sunday its net profit rose 26 percent last year on the back of higher interest income and commissions.Profit growth was nearly double the 15 percent rise in 2009, showing CCB's business regained momentum after the global financial crisis. But the bank said it would slow credit growth this year as Beijing steps up efforts to cool the economy and fight inflation.The state-run bank said its net profit for 2010 rose to 134.84 billion yuan ($20.55 billion) from 106.76 billion yuan a year earlier.

HONG KONG/SINGAPORE (Reuters) - Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender, providing relief to investors by removing uncertainty surrounding the stake.

HONG KONG (Reuters) - China Construction Bank (CCB) , the country's second-biggest lender, posted a 20 percent rise in second-quarter profit on loan expansion and a recovery in interest margins.