SHANGHAI/HONG KONG (Reuters) – Agricultural Bank of China Ltd (AgBank), the country’s third-largest lender by assets, reported a 7.4% rise in first-quarter net profit on Friday.
AgBank said net profit for the first three months of the year totalled 70.75 billion yuan ($10.74 billion), up from 65.9 billion yuan a year earlier.
($1 = 6.5897 Chinese yuan renminbi)
(Reporting by Engen Tham in Shanghai and Selena Li in Hong Kong; Editing by David Goodman)
