China Construction Bank Corp., the country's second-largest lender by market value, said Friday its net profit for the first quarter of the year rose 9.26 percent year on year to 51.6 billion yuan (8.23 billion U.S. dollars).
Its earnings per share rose 10.53 percent to 0.21 yuan, the lender said in a statement filed with the Shanghai Stock Exchange.
Net interest earnings, or revenue from borrowers minus interest paid to depositors, climbed 14.62 percent from a year earlier to 82.1 billion yuan in the first three months.
Commissions and income from service fees saw slower growth during the period, gaining 4.96 percent from a year earlier, which the bank said was a combined result of regulatory policies and market sentiment.
The bank's capital adequacy ratio shed 0.02 percentage point from the end of last year to 13.66 percent, while its non-performing loan ratio slipped 0.05 percentage point to 1.04 percent.
The bank's total assets grew 8.11 percent from the end of 2011 to 13.28 trillion yuan, the statement said.