CCB reports Q1 profit rise

China Construction Bank Corp (CCB), the country's second-biggest listed lender, reported over the weekend a 10.4 percent rise in first-quarter net profit thanks to higher interest and fee income.

An 11 percent rise to income from interest and fees helped CCB to lift net profit to 65.8 billion yuan ($10.5 billion) from 59.6 billion in the first quarter of 2013, the bank's unaudited financial statement showed.

The bank's non-performing loan ratio rose slightly to 1.02 percent at the end of March, from 0.99 percent three months earlier.

Net interest income was 103.2 billion yuan in the first quarter, up nearly 12 percent year on year.