China Construction Bank Q2 Profit Climbs 20Pct on Loan Demand

»China Construction Bank Corp., the country’s second-largest lender by market value, said Sunday its second-quarter profit climbed 20 percent from a year ago, as demand for loans and other financial services is growing.

»Net profit for the second quarter stood at 35.6 billion yuan, compared with 29.6 billion yuan in the same period of last year, shows the results.

»It also shows that net interest income rose 14.96 percent year-on-year to 117.8 billion yuan. Meanwhile, banking intermediary businesses have expanded quickly, with commissions jumped 43.3 billion yuan to 10.22 billion yuan.