ABC Saw Stabilization in Net Interest Margin; Capital Position Remains Weak
Agricultural Bank of China, or ABC, recorded 0.6% net profit growth in the first three quarters on a year-on-year basis. Its top line dropped 5.2% from the year-ago period, the weakest level among large state-owned banks. The results reflected a combination of healthy recovery in fee income at 9.8% on strong agency fees and e-banking service income, and weak net interest income growth at negative 9.3%. ABC was one of two SOE banks to report stabilizing net interest margin, indicating its funding...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.