China's agricultural Bank net profit rises 1.8% last year


(MENAFN) Agricultural Bank of China revealed that its net profit has boosted by 1.8% to reach 184 billion yuan in the previous year compared with a year earlier.

The bank posted the expansion was mainly attributed to its net fee and commission income, which marked a 10.2% year-on-year growth in 2016.

On the other hand, the bank's operating income dropped by 5.6% during the past year from 2015 to 506 billion yuan.

The Agricultural Bank also marked its bad loan ratio was down slightly to 2.37% by the end of 2016.

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