CCB's 12.4pc profit growth lags two main rivals

China Construction Bank (CCB), the second-largest mainland lender by assets, reported slower profit growth than its mainland peers in the third quarter as China's weaker economy resulted in more bad debts and fewer sales of investment products.

The bank reported yesterday that its July to September quarter net profit stood at 51.91 billion yuan (HK$63.94 billion), up 12.4 per cent from 46.2 billion yuan a year earlier.

The results were in line with market estimates but lagged more buoyant earnings reported by two of its peers last week.

via Business feed http://www.scmp.com/business/china-business/article/1072022/ccbs-124pc-profit-growth-lags-two-main-rivals