China Construction Bank 2018 profits up 5.11 pct

BEIJING, March 27 (Xinhua) -- China Construction Bank, one of the country's largest state-owned commercial banks, said Wednesday its 2018 net profits climbed 5.11 percent to 254.66 billion yuan (37.9 billion U.S. dollars).

The lender's business revenue rose 5.99 percent to 658.89 billion yuan last year. Its net interest income rose 7.48 percent to 486.28 billion yuan, it said in a financial report filed to the Shanghai Stock Exchange.

By the end of 2018, the lender's total assets amounted to 23.22 trillion yuan, up 4.96 percent from one year earlier, while liabilities came in at 21.23 trillion yuan.

Its non-performing loan ratio was 1.46 percent, down from 1.49 percent at the end of 2017.

The bank's share price rose 1.32 percent to 6.9 yuan Wednesday.