China Construction Bank (601939, 0939.HK) recorded a 25.52 percent year-on-year rise in 2011 net profits to 169.26 billion yuan, with EPS of 0.68 yuan, reports yicai.com, citing a company filing.

The bank, which recorded net assets of 3.24 yuan per share, will offer cash dividends of 0.2365 yuan per share.

Sales revenues in 2011 grew 22.75 percent from 2010 to 397.09 billion yuan, including net interest income of 304.57 billion yuan, up 21.1 percent from a year earlier.

Commission fees and charges rose 31.55 percent from 2010 to 86.99 billion yuan, accounting for a 21.91 percent of total sales revenue, up 1.47 percentage points from 2010.

At end of 2011, the bank had total assets of 12.28 trillion yuan, up 13.61 percent from 2010, while clients’ deposits grew 10.05 percent to 9.99 trillion yuan.

The bank had a loan to deposit ratio of 65.05 percent at the end of 2011.

At end of 2011, CCB had non-performing loans worth 70.92 billion yuan, an addition of 6.2 billion yuan from 2010, with a nonperforming ratio of 1.09 percent, down 0.05 percentage points.

Provision coverage ratio rose 20.32 percentage points from 2010 to 241.44 percent at the end of 2011, according to the filing.

CCB recorded a capital adequacy ratio of 13.68 percent and core capital adequacy ratio of 10.97 percent, up one and 0.57 percentage points from 2010, meeting regulatory requirements.

The bank had a balance of 432.78 billion yuan worth of loans related to the real estate market, an increase of 0.16 percent, far below its 11.8 percent growth in corporate loans.

Source:capitalvue.com