China Construction Bank net profit up 11% in 2021

BEIJING -- China Construction Bank, one of the country's largest state-owned commercial banks, saw its net profit rise 11.09 percent year-on-year to 303.93 billion yuan ($47.86 billion) last year.

The company reported 302.51 billion yuan in net profit attributable to the shareholders of the bank in 2021, up 11.61 percent year-on-year, according to the company's report filed with the Shanghai Stock Exchange.

At the end of last year, the lender's total assets amounted to 30.25 trillion yuan, up 7.54 percent from the end of 2020. Its non-performing loan ratio stood at 1.42 percent at the end of last year, down 0.14 percentage points from 2020.

In 2022, the bank will further support the real economy, issue more inclusive loans to small and micro businesses, and coordinate efforts in providing financial services to low-carbon industries, the report said.