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China's AgBank posts 7.4% rise in quarterly profit

reuters.com · 04/29/2022 04:51
China's AgBank posts 7.4% rise in quarterly profit

- Agricultural Bank of China Ltd (AgBank) 1288.HK ACGBY, the country's third-largest lender by assets, reported a 7.4% rise in first-quarter net profit on Friday.

AgBank said net profit for the first three months of the year totalled 70.75 billion yuan ($10.74 billion), up from 65.9 billion yuan a year earlier.

($1 = 6.5897 Chinese yuan renminbi)


(Reporting by Engen Tham in Shanghai and Selena Li in Hong Kong
Editing by David Goodman
)

((Zoey.Zhang@thomsonreuters.com;))