BEIJING (Reuters) - Agricultural Bank of China (AgBank) (601288.SS) (1288.HK), the country’s third-biggest lender by assets, on Friday reported a 6.1% rise in third-quarter net profit, beating analyst estimates.
July-September profit was 59.23 billion yuan ($8.38 billion), up from 55.82 billion yuan a year earlier.
The result topped the 4.77% growth expected on average by three analysts polled by Reuters.
AgBank also said its non-performing loan ratio was 1.42% at Sept. 30, compared with 1.43% at the end of June.
The lender did not publish its net interest margin.
Reporting by Cheng Leng in Beijing and Engen Tham in Shanghai; Editing by David Goodman