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China's Ag Bank says profit up 45.4 percent

China's Ag Bank says profit up 45.4 percent

Agricultural Bank of China Ltd. says its first-half profit soared 45.4 percent on strong growth in fee income and rural business.
Agricultural Bank said Thursday its profit for the six months ending June 30 was 66.7 billion yuan ($10.4 billion). Fee income rose 65.4 percent while profit from rural banking operations was up 78.6 billion yuan.
China's state-owned banking industry has profited from the country's quick, stimulus-fueled rebound from the global crisis and relatively healthy economic growth.


Updated : 2021-10-22 23:55 GMT+08:00