China Construction Bank boosts inclusive loans in H1

BEIJING -- The China Construction Bank (CCB), one of the country's largest state-owned commercial banks, saw its inclusive loans hit 1.71 trillion yuan ($264.3 billion) at the end of June, 288.38 billion yuan more than that at the end of last year.

The CCB has increased credit supply in key areas such as inclusive finance, advanced manufacturing, strategic emerging industries and green finance, said Wang Jiang, head of the bank, at a press conference held Monday.

The lender's net profit rose 10.92 percent year-on-year to 154.11 billion yuan in the first half of the year. Its net interest income rose 5.18 percent from a year earlier, while net fee and commission income rose 6.82 percent from a year earlier.

The bank's non-performing loan balance was 276.98 billion yuan, up 16.25 billion yuan from that at the end of last year. The non-performing loan ratio was 1.53 percent, down 0.03 percentage points from the end of last year.