The third largest Chinese bank by assets posted a net profit of CNY109.2 billion (US$16 billion) in the first half year, down 10.8% from a year earlier.
It retained the second position in the country’s structured products issuer rankings with a 47% increase in market share in H1 20 (28%) compared to the previous quarter (19%). Agricultural Bank of China has reported that net interest income grew by 8.9% to CNY258.9 billion, and net fee and commission income rose by 2.9% to CNY52.4 billion mainly driven by a 9.5% increase of bank card fees and a 6.9% increase of consultancy and advisory fees year-on-year (YoY). Meanwhile, net tradi
Continue reading and get unlimited access for 7 days with a free trial of SRP.
Get a free trialAlready a subscriber? Login