Agricultural Bank of China Ltd, the nation's third-largest lender by market value, posted a 14 percent increase in second-quarter profit as lending and fee-based services income rose and provisions for bad loans dropped. Net income rose to 37 billion yuan ($5.8 billion) from 32.6 billion yuan a year earlier, based on figures published by the Beijing-based lender on Wednesday. That compared with the 38.1 billion-yuan average estimate of 15 analysts surveyed by Bloomberg.
Agricultural Bank's profit growth, the strongest among China's four largest lenders for three straight years, may bolster capital and ease concern the company will need to raise funds as the world's second-largest economy slows.
Bank of China Ltd, the third-largest by assets, last week posted 5.3 percent profit growth, the slowest in three years.
China Daily-Agencies
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
