agricultural bank of china profits slightly up in 2015
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Agricultural Bank of China profits slightly up in 2015

Arab Today, arab today

Arab Today, arab today Agricultural Bank of China profits slightly up in 2015

Agricultural Bank of China
Beijing - XINHUA

Agricultural Bank of China, one of the country's biggest lenders, reported a slight increase in profits as it tried to combat rising bad loans.

Net profits increased 0.7 percent year on year to 180.78 billion yuan (28 billion U.S. dollars) in 2015 while total assets rose 11.4 percent to 17.79 trillion yuan, according to the company's annual report.

The bad loan ratio of the bank increased to 2.39 percent from 1.54 percent a year ago. To contain the rising risks, assets worth 189.43 percent of the bad debt were set aside by the bank as provision funds.

Manufacturing, as well as wholesale and retail, were the sectors that generated the most bad loans, with the ratio standing at 5.45 percent and 12.31 percent, respectively.

Credit risks are basically under control as the bank has actively improved its risk management and diversified ways of handling bad debt, the report said.

China's five largest commercial banks all reported slight earnings increases in 2015 as economic slowdown and growing credit risks weighed down lenders' profits. The largest bank, Industrial and Commercial Bank of China, saw its profits up 0.5 percent in 2015.

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*

agricultural bank of china profits slightly up in 2015 agricultural bank of china profits slightly up in 2015

 



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*

agricultural bank of china profits slightly up in 2015 agricultural bank of china profits slightly up in 2015

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday