High profits for Agricultural Bank of China
(31 October 2012 – China) For the first three quarters of the year, Agricultural Bank of China (ABC) had a 19.2 percent increase in profit, equivalent to 120.12 billion yuan (A$18.5 billion).
With the robust net profit, total assets were also up – by 11.85 percent from the end of the previous year, amounting to 13.06 trillion yuan.
Net interest income was 253.24 billion yuan for the January to September period, a 13.37 percent rise from the corresponding period last year.
According to the report, the bank's core capital adequacy ratio stood at 9.76 percent, 0.26 percent higher than that of the end of last year, while its capital adequacy ratio climbed to 12.07 percent, up 0.13 percent compared to the end of the previous year.
The bank's non-performing loan ratio stood at 1.34 percent as of the end of September, down 0.21 percent from the end of 2011, while its non-performing loans outstanding shrank to 83.95 billion yuan, 3.41 billion yuan less than that of the end of last year, the report said.
Net interest income was 253.24 billion yuan for the January to September period, a 13.37 percent rise from the corresponding period last year.
According to the report, the bank's core capital adequacy ratio stood at 9.76 percent, 0.26 percent higher than that of the end of last year, while its capital adequacy ratio climbed to 12.07 percent, up 0.13 percent compared to the end of the previous year.
The bank's non-performing loan ratio stood at 1.34 percent as of the end of September, down 0.21 percent from the end of 2011, while its non-performing loans outstanding shrank to 83.95 billion yuan, 3.41 billion yuan less than that of the end of last year, the report said.
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