Green Asia

China’s AgBank posts 7.8% rise in Q3 profit

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SHANGHAI/BEIJING : Agricultural Bank of China Ltd (AgBank), the country’s third-largest lender by assets, reported a 7.8 per cent rise in third quarter net profit on Friday.

Net profit for the three months ended September totalled 74.12 billion yuan ($10.13 billion), AgBank said in a filing.

($1 = 7.3171 Chinese yuan renminbi)

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