SHANGHAI (Reuters) – Agricultural Bank of China Ltd(AgBank), the country’s third-largest lender by assets, reported on Wednesday a 7.7% rise in its net profit for the fourth quarter.
AgBank’s net profit for October-December rose to 54.5 billion yuan ($8.58 billion) from 50.6 billion yuan a year ago, the bank said in a filing.
Full-year profit increased 11.7% to 241.18 billion yuan, above a Refinitiv estimate of 225.7 billion yuan from 21 analysts.
($1 = 6.3462 Chinese yuan renminbi)
(Reporting by Zhang Yan, Engen Tham, Editing by Louise Heavens)
