ABC’s Net Interest Income Suffered From Anemic Credit Demands, Operating Efficiency Weakened
Agricultural Bank of China recorded a 1.9% net profit growth from 2015. The 5.6% year-on-year drop in total revenue is the weakest growth among listed banks' announced annual results up to now. The revenue decline was dragged by a 8.7% drop in net interest income despite a 10% fee income growth. Pre-provision operating profits fell 1.9% against the year-ago quarter, versus the range of 0.8% to 28% growth seen in listed banks we cover. Dragged by the revenue decline, cost to income ratio signific...AGRICULTURAL BANK OF CHINA LIMITED is a China-based commercial bank. The Bank mainly operates through four business segments. The Corporate Finance segment is engaged in the deposit and loan business, small and micro business finance, settlement and cash management, trade financing and investment banking, among others. The Personal Finance segment is engaged in personal deposit and loan, credit card business and private banking business. The Treasury segment is engaged in money market business and investment portfolio management. The Asset Management segment is engaged in the provision of financial services, asset custody business, pension business and precious metal business.
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