August 29, 2018 / 7:47 AM / 3 months ago

China's AgBank needs to make provisions to prepare for trade friction - exec

BEIJING, Aug 29 (Reuters) - The Agricultural Bank of China needs to make provisions to prepare for trade friction and zombie firm failures, the president of the lender said at a press conference in Beijing on Wednesday.

Zhao Huan’s remarks come a day after the bank posted higher profits for the first half of the year. (Reporting by Shu Zhang, Writing by Engen Tham; Editing by Himani Sarkar)

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