Bloomberg China Construction Bank Corp., the nation’s second-largest lender, reported a 1.4 percent gain in first-quarter profit from a year earlier even as bad loans climbed. Net income rose to 68 billion yuan ($10.5 billion) in the three months ended March 31, the Beijing-based lender said in a filing to the Hong Kong stock exchange. Nonperforming loans jumped to ...

  Ankara / Reuters Turkey’s central bank will promote the head of its markets division to deputy governor, officials announced, elevating another banker with Islamic finance credentials to its policy-setting committee. Erkan Kilimci is due to be named as one of the bank’s four deputy governors shortly, the officials said, declining to be identified because the information has not yet ...

  Berlin / Reuters Restoring German banks’ financial ties with Iran will take time given debt owed to Berlin and transparency concerns, the head of the German banking association said, dampening expectations before a business summit in Tehran. Iran owes Germany about €500 million ($569 million) under so-called Hermes covers, a German government arrangement that protects German companies if foreign ...