Agricultural Bank of China profit up 4.79 pct in Q1

Source: Xinhua | 2020-05-05

The Agricultural Bank of China, one of China's biggest commercial lenders, reported steady profit growth in the first quarter this year.

The bank raked in 64.19 billion yuan (about 9.10 billion U.S. dollars) in net profits, rising 4.79 percent year on year, according to the bank's report filed with the Shanghai Stock Exchange.

Revenue rose by 7.67 percent year on year to hit 186.92 billion yuan during the same period, said the report.

Meanwhile, the lender's non-performing loan ratio at 1.4 percent remained at the same level as at the end of last year.