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

Sign of China Construction Bank is seen at a branch in Beijing

BEIJING (Reuters) – 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)