State-owned Agri­cul­tural Bank of China re­ports flat first-half net profit

The China Post - - WORLD BUSINESS -

The Agri­cul­tural Bank of China, one of the coun­try’s “Big Four” state-owned banks, said its net profit for the first half of 2015 rose only 0.3 per­cent year- on- year, cit­ing the slow­ing do­mes­tic econ­omy and grow­ing bad loans.

Net profit was 104.32 bil­lion yuan (US$16.3 bil­lion) in the first six months, against 104.03 bil­lion yuan for the same pe­riod last year, it said in a state­ment to the Hong Kong stock ex­change late Thurs­day.

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