China Construction Bank (NZ) net interest income almost triples, profit surges

Thu, 03 May 2018

By Jonathan Underhill May 3 (BusinessDesk) - China Construction Bank's New Zealand subsidiary almost tripled its net interest income last year and recorded a five-fold increase in profit by adding commercial and retail customers and lending to the infrastructure, energy and resources sectors. Last year China's second-largest lender opened a local branch, becoming the first overseas bank approved under the Reserve Bank’s dual-registration rules, in addition to its subsidiary China Construction Bank (New Zealand) which registered on Jan. 30...

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