Arab Today, arab today agricultural bank of china net profits up 4359
Last Updated : GMT 12:40:55
Arab Today, arab today
Arab Today, arab today

Agricultural Bank of China: net profits up 43.59%

Arab Today, arab today

Arab Today, arab today Agricultural Bank of China: net profits up 43.59%

Beijing - Xinhua

The Agricultural Bank of China, one of China\'s biggest state-owned banks, said Wednesday that its net profits for the first three quarters of this year jumped 43.59 percent year-on-year to 100.78 billion yuan (15.88 billion U.S. dollars). The bank attributed the profit increase to a sharp rise in revenues from net interests and growing fees and commissions. Profits from net interests rose 28.35 percent year-on-year to 223.36 billion yuan, while profits from fees and commissions amounted to 54.82 billion yuan, up 61.1 percent, during the period. The bank\'s total assets hit 11.59 trillion yuan as of the end of September, up 12.11 percent compared with the end of 2010. The bank also enjoyed drops in its non-performing loans (NPL) and NPL ratio. As of the third quarter, the bank\'s NPLs totalled 87.96 billion yuan, 12.45 billion yuan less than the end of 2010; its NPL ratio declined 0.43 percentage points from the 2010 yearend level to 1.6 percent. The bank\'s capital adequacy ratio, an important gauge for measuring the financial strength of a bank, jumped to 11.85 percent, narrowly exceeding the country\'s regulated requirement of 11.5 percent and standing 0.26 percentage points higher than the ratio recorded at the end of 2010. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today agricultural bank of china net profits up 4359 Arab Today, arab today agricultural bank of china net profits up 4359

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today agricultural bank of china net profits up 4359 Arab Today, arab today agricultural bank of china net profits up 4359

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday