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China Construction Bank says net interest margin to narrow in H2 2021

China Construction Bank says net interest margin to narrow in H2 2021

FILE PHOTO: A sign of China Construction Bank is seen at a branch in Beijing, China, April 21, 2016. REUTERS/Kim Kyung-Hoon

BEIJING : China Construction Bank, country's second-largest lender by assets, said its net interest margin will be narrower in the second half of 2021.

The margin, a key profitability indicator, will stabilise at a reasonable level in 2022, CCB's chief financial officer Zhang Yi told a virtual media briefing on Monday.

(Reporting by Zhang Yan, Cheng Leng and Engen Tham; Editing by Louise Heavens)

Source: Reuters

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