1 Min Read
SHANGHAI, April 28 (Reuters) - Agricultural Bank of China Ltd (AgBank) , the country's third-largest lender by assets, reported on Friday a 1.87 percent rise in net profit for the first quarter, missing analysts estimates.
Profit was 55.71 billion yuan ($8.08 billion) in the three months through March compared to 54.69 billion yuan in the same period a year prior.
The result compared with an average estimate of 56.1 billion yuan, according to three analysts polled by Reuters.
AgBank's non-performing loan ratio was 2.33 percent at end-March, compared to 2.37 percent at the end of December. ($1 = 6.8972 Chinese yuan renminbi) (Reporting by Engen Tham in Shanghai and Matthew Miller in Beijing; Editing by Stephen Coates and Muralikumar Anantharaman)