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China Construction Bank FY'15 net profit rises 0.14% YOY

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China Construction Bank FY'15 net profit rises 0.14% YOY

on March30 reported a 0.14% year-over-year increase in net profit for 2015.

The group's2015 net profit attributable to equity shareholders rose to 228.15 billion yuanfrom 227.83 billion yuan in the year prior. EPS remained steady from the prior-yearperiod at 91 fen.

The companyattributed its profit to a rise in net interest income and net fee and commissionincome, as well as a decline in its cost-to-income ratio.

Net interestincome climbed to 457.75 billion yuan from 437.40 billion yuan in the prior-yearperiod, while net fee and commission income rose to 113.53 billion yuan from 108.52billion yuan.

Operating incometotaled 586.69 billion yuan for the year, up from 556.74 billion yuan in 2014.Allowances for impairment losses on loans declined to 250.62 billion yuan from 251.61billion yuan.

Net interest margin for 2015 was 2.63%, down from 2.80% in theyear prior.

The group'snonperforming loan ratio was 1.58% as of Dec. 31, 2015, up from 1.19% at Dec. 31,2014.

As of the endof 2015, the group's total capital ratio was 15.39%, up from 14.86% at the end of2014. Its common equity Tier 1 and Tier 1 ratios for the period were 13.13% and13.32%, respectively, up from 12.11% for both ratios at the end of 2014.

The company'sboard proposed a cash dividend of 27.4 fen per share for 2015, down from the 30.1fen per share dividend declared for 2014. The dividend is subject to shareholderapproval and is expected to be paid out to H shareholders on July 22 and to A shareholderson June 30. The record date is June 29.

As of March 30, US$1 was equivalent to 6.47 Chineseyuan.