China Construction Bank Corp. said Friday that it held $917 million worth of U.S. subprime mortgage-backed securities at the end of September, down from $944 million at the end of June.

The lender said it had booked a $673 million charge for those assets as of Sept. 30. In addition, China Construction Bank said it held $293 million of alternative-A mortgage-backed securities.

The lender's bond holdings related to Fannie Mae and Freddie Mac stood at $1.5 billion at the end of September.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.