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ABC Posts Operating Profits of CNY 31.974bn in 2004.
(From SinoCast China Business Daily News)
BEIJING, June 28, SinoCast -- The Agricultural Bank of China (ABC), the forth largest commercial bank in the country, announces total operating profits of CNY 31.974 billion for the full year of 2004, increasing 62.63% from a year earlier. According to its annual report, the bank had total assets reached CNY 4.013769 trillion (USD 1 = CNY 8.2770) by the end of 2004, while its non-performing assets ratio was 26.73%. The bank's asset quality and profitability had been greatly …
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