Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Financial Market
 Search News  Or
Agricultural Bank of China posts 28.5% jump in 2011 net profit

Mar. 23, 2012 (China Knowledge) - Agricultural Bank of China Ltd or ABC<601288><1288>, one of the Big-Four state-owned banks in the country, announced yesterday that its net profit rose 28.5% year on year to RMB 121.93 billion last year.

Basic earnings per share were RMB 0.38 in 2011, up from RMB 0.33 in 2010. The bank proposed a final dividend of RMB 0.13 per share or RMB 42.71 billion in total, according to its annual report.

Operating revenue rose 29.9% year on year to RMB 379.76 billion in 2011. Net interest income grew 26.9% to RMB 307.20 billion in the period as net interest margin increased by 23 basis points to 2.73% in the year.

Net fee and commission income saw a 49.0% year-on-year surge in 2011, hitting RMB 68.75 billion.

As of the end of last year, the bank's capital adequacy ratio had risen to 11.94% from 11.59% a year earlier, while its core capital adequacy ratio had fallen 0.25 percentage points from a year ago to 9.50%.

ABC had total assets of RMB 11.68 trillion at the end of 2011, up 13% year on year.  The bank's balance of customer deposits had grown 8.3% year on year to RMB 9.62 trillion at the end of last year, and its balance of customer loans and advances had increased 13.6% year on year to RMB 5.63 trillion.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved