BEIJING/SHANGHAI, Oct 30 (Reuters) - Agricultural Bank of China Ltd (AgBank) , the country’s third-biggest lender by assets, on Tuesday reported a better-than-expected 8.6 percent rise in third-quarter net profit as non-performing loans marginally fell.
AgBank’s net profit for the July-September period was 55.82 billion yuan ($8.02 billion), against 51.4 billion yuan in the same period a year ago.
That compared with the 6.9 percent average growth in third quarter net profit estimated by three analysts surveyed by Reuters.
AgBank said its non-performing loan ratio fell slightly to 1.60 percent at the end of September from 1.62 percent at the end of June.
The lender did not publish its net interest margin. ($1 = 6.9589 Chinese yuan renminbi) (Reporting By Shu Zhang in Beijing and Engen Tham in Shanghai; Editing by Vyas Mohan)