Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Net profit of Agricultural Bank of China rises by 5.5%

By Jiang Xueqing | chinadaily.com.cn | Updated: 2019-08-31 08:57
Share
Share - WeChat
An attendee walks past the Agricultural Bank of China stand during an exhibition in Shenzhen, South China's Guangdong province, on Nov 5, 2017. [Photo/IC]

Agricultural Bank of China Ltd achieved a net profit of 122.37 billion yuan ($17 billion) in the first half of 2019, up by 5.5 percent from the same period of last year, the State-owned commercial lender announced on Friday.

Zhang Keqiu, executive vice-president at ABC, attributed the growth in part to an increase in net fee and commission income by 16.6 percent year-on-year to 50.9 billion yuan.

Internet finance also became a new driver of profit growth, as the bank consolidated the foundation for its digital transformation, she said.

As of June 30, total loans and advances to customers amounted to 12.99 trillion yuan, rising 8.8 percent from the end of the previous year.

During the same period, the bank proactively implemented policies to serve the real economy, the part of the economy that produces goods and services.

The balance of inclusive finance loans to micro and small enterprises increased by 36.45 percent to 510.92 billion yuan. The growth rate was higher than the overall growth rate of loans of the bank by 27.65 percentage points. The annualized yield of such inclusive finance loans granted cumulatively was 4.68 percent.

The increase in the amount of loans extended to such fields as inclusive finance and poverty alleviation became one of the factors that caused the bank’s net interest margin, the ratio of net interest income to interest-earning assets, to drop by 19 basis points year-on-year to 2.16 percent in the first half.

Other factors include the rise in cost of deposits as a result of intensified market competition, and the decrease in both the average yields of debt securities investments and amounts due from banks and other financial institutions caused by downward market interest rate, according to the bank’s 2019 interim results announcement.

Meanwhile, the bank continued to enhance the comprehensive risk management, and its asset quality was on an upward trajectory.

Zhan Dongsheng, executive vice-president at ABC, said the bank promoted the implementation of a risk warning system, which strengthened offsite monitoring of risks using big data analytics.

At the end of June, the balance of nonperforming loans was 185.31 billion yuan, down by 4.69 billion yuan from the end of last year. The NPL ratio fell 16 basis points to 1.43 percent over the same period.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 无码夫の前で人妻を侵犯| 亚洲fuli在线观看| 亚洲成aⅴ人片在线影院八| 乱码卡一卡二卡新区在线| 久久99精品久久久久久国产| 一区二区三区在线观看视频| 3d动漫精品一区视频在线观看| 日本在线高清视频| 翁想房中春意浓1-28| 浪小辉chinese野战做受| 最新版天堂中文在线官网| 成人毛片无码一区二区三区| 国内外成人在线视频| 国产在线乱子伦一区二区| 免费观看的av毛片的网站| 亚洲中久无码永久在线观看同| 中文字幕一区二区三区日韩精品 | 亚洲成人激情小说| 久久久久久久蜜桃| aaaa级毛片| 麻豆91免费视频| 男人j放进女人p全黄| 日韩精品人妻系列无码专区| 宅男66lu国产乱在线观看| 国产精品一区二区久久国产| 啊轻点灬大ji巴太粗太长了免费| 亚洲欧美精品午睡沙发| 久久99精品九九九久久婷婷| 91大神在线精品视频一区| 视频一区视频二区在线观看| 被按摩的人妻中文字幕| 波多野结衣电影一区二区| 日本免费高清一本视频| 国产高清一区二区三区免费视频| 国产va免费精品高清在线| 亚洲免费人成在线视频观看| 一级毛片大全免费播放下载| 色之综合天天综合色天天棕色| 男人插女人app| 把英语课代表按在地上c网站| 国产精品成熟老女人视频|