BEIJING, March 28 Agricultural Bank of China Ltd
(AgBank), the country's third-largest
lender by assets, reported 8.7 percent profit growth on Tuesday
for the fourth quarter as margins shrank.
October-December profit was 29.77 billion yuan ($4.33
billion) versus 27.4 billion yuan a year earlier, and above an
average estimate of 21.5 billion yuan from 15 analysts polled by
For 2016, net profit rose to 183.94 billion yuan from 180.6
billion yuan a year earlier.
AgBank's non-performing loan ratio was 2.37 percent at
end-December, from 2.39 percent at end-September.
($1 = 6.8800 Chinese yuan renminbi)
(Reporting By Engen Tham in Shanghai and Matthew Miller in
Beijing; Editing by Ian Geoghegan)