China Construction Bank net profits up 10 pct in Q1

China Construction Bank, China's second largest lender, said on Sunday its net profits hit 65.78 billion yuan ($10.75 billion) in the first quarter, up 10.41 percent year on year.

The bank's total assets stood at 16.14 trillion yuan as of the end of March, up 5.07 percent from that at the end of last year, the bank said in a statement filed with the Shanghai Stock Exchange.

Its business revenue hit 147.35 billion yuan in the first quarter, up 17.33 percent year on year. Net profits from interests hit 103.21 billion yuan in the first quarter, up 11.8 percent year on year.

The lender's service charges and commission amounted to 32.12 billion yuan in the first quarter, up 11.17 percent year on year.

Its non-performing loan ratio stood at 1.02 percent at the end of March, up 0.03 percentage points from that at the end of last year.