Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
Agricultural Bank of China's profit up 27.55% in Q1

May. 2, 2012 (China Knowledge) - Agricultural Bank of China Ltd or ABC<601288><1288>, one of China's Big Four banks, earned RMB 43.45 billion in net profit in the first quarter of 2012, 27.55% more than in the corresponding period of last year.

During the period from January to March 2012, the Shanghai and Hong Kong-listed firm's earnings per share grew by 30% from a year earlier to RMB 0.13.

Operating revenue for the three-month period totaled RMB 106.97 billion, of which RMB 85.84 billion was net interest income. Fee and commission income increased 19.84% from a year earlier to RMB 21.27 billion.

The balance of non-performing loans was RMB 85.01 billion as of Mar. 31, 2012, RMB 2.34 billion less than the end of last year, while the ratio of non-performing loans was 1.44%, 0.11 percentage point lower than the end of 2011.

At the end of March 2012, the bank's capital adequacy ratio and core capital adequacy ratio was 12.01% and 9.60%, respectively, 0.07 and 0.10 percentage points higher than the end of last year, respectively.

The lender had RMB 12.56 trillion in total assets as of Mar. 31, 2012, 7.55% more than the end of last year, sources reported.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

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

 E-Store

 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