Agricultural Bank of China profits slightly up in 2015
Updated: 2016-04-05 10:06
(Xinhua)
|
|||||||||
The logo of Agricultural Bank of China in seen inside a business building in Beijing, March 11, 2016. [Photo/Agencies] |
Net profits increased 0.7 percent year on year to 180.78 billion yuan ($28 billion) 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.
- Xi: Talks 'only correct way' for China, ROK
- Xi to Obama: Disputes should be managed
- Cypriot court remands in custody man suspected of hijacking EgyptAir flight
- Govt eyes luxury tourists amid concerns over safety
- Sleep tight and don't let sharks bite at Paris aquarium
- Aung San Suu Kyi appointed as Myanmar's new foreign minister
- Ancestral temples continue to bring family members together
- Culture Insider: 8 things you may not know about Clear and Bright
- Discover beautiful China in spring blossom (IV)
- Stars shine at gala of World Figure Skating Championships
- Female cops combine warmth with strictness
- BYD launches two new electric models, Qin EV and e5
- Discover beautiful China in Spring blossom (II)
- Xi calls for bigger progress in China-Denmark ties
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Marriott unlikely to top Anbang offer for Starwood: Observers
Chinese biopharma debuts on Nasdaq
What ends Jeb Bush's White House hopes
Investigation for Nicolas's campaign
Will US-ASEAN meeting be good for region?
Accentuate the positive in Sino-US relations
Dangerous games on peninsula will have no winner
National Art Museum showing 400 puppets in new exhibition
US Weekly
Geared to go |
The place to be |