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          BIZCHINA> Top Biz News

          


          

          
          		

          

          


          

          


          

          



          

          


 

          


          


 

          


          

          


 

          



          Agricultural Bank net profit up 17.5% in 2008
          


          (Xinhua)
          
 Updated: 2009-04-26 21:52
          



 

          

          Agricultural Bank of China (ABC) reported Sunday that its net profit increased 17.5 percent to 51.45 billion yuan ($7.54 billion) in 2008 over the previous year.
          


          

          

          


          


          


          


          


          


          


          Related readings:
          
          Agricultural Bank net profit up 17.5% in 2008 ABC: No timetable fixed yet for IPO launch
          
          Agricultural Bank net profit up 17.5% in 2008 ABC says no clear listing plans yet
          
          		

          
          

          
          		

          
          

          
          		

          
          

          

Business revenue totaled 211.19 billion yuan last year, up 17.8 percent year-on-year. Net interest income rose 23.1 percent to 193.85 billion yuan, according to ABC's first audited annual report.
          


          The report was the first after the State Council, China's Cabinet, approved the bank's shareholding transformation plan in October 2008.
          


          The non-performing loan ratio was 4.3 percent at the end of 2008, down 19.3 percentage points from the end of 2007.
          


          At the end of 2008, the bank's total assets exceeded 7.01 trillion yuan, up 32.2 percent from a year ago.
          


          

          (For more biz stories, please visit Industries)
          

          

          

 



 



          


          


 

          

          

          


          

          


 

          


          


 

          


          


 

          


          


          


 

          

          

          
          		

          

          








           
          


           
          



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