China Construction Bank says net profit up 6%

China Construction Bank, the nation`s second largest lender by assets, said its net profit rose six percent in 2014 from a year earlier, as interest income rose.

Beijing: China Construction Bank, the nation`s second largest lender by assets, said its net profit rose six percent in 2014 from a year earlier, as interest income rose.

Net profit for 2014 was 227.83 billion yuan (USD 36.69 billion), up from 214.66 billion yuan in 2013, it said in a statement to the Hong Kong stock exchange on Friday.

"Net interest yield rose steadily, driven by an increase in net interest income over the previous year," the bank said.

China`s gross domestic product grew 7.4 percent last year, the slowest pace in nearly a quarter of a century.

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