CCB 2011 net profit up 25pc

HONG KONG: China Construction Bank, the world's No.2 lender by market value, reported a 25 percent rise in 2011 net profit, missing expectations as lending curbs on the real estate sector for most of the year hit earnings.

Net profit in 2011 rose to 169.3 billion yuan from 135 billion yuan the year before, according to a filing to theHong Kongbourse.

This was below expectations for 170.1 billion yuan, according to a survey of 25 analysts polled by Thomson Reuters I/B/E/S.

Reuters calculations showed CCB earned 30.25 billion yuan in the October-December period, up 23 percent from 24.53 billion yuan during the same time a year ago.

Copyright Reuters, 2012