Agricultural Bank of China (ABC) (01288) said its net profit attributable to equity holders for the six months ended 30 June 2016 rose 0.8% year-on-year to Rmb105,148 million.
Basic and diluted earnings per share were Rmb0.32.
Net interest income amounted to Rmb198,957 million, a decrease of 9.4% from a year earlier. In the first half of 2016, the net interest margin and net interest spread was 2.31% and 2.16%, respectively, representing decreases of 47 basis points and 45 basis points compared to the corresponding period of the previous year.
As at 30 June 2016, the balance of non-performing loans of the bank was Rmb225,389 million, representing an increase of Rmb12,522 million compared to the end of the previous year. The non-performing loan ratio was 2.4%, representing a slight increase compared to 2.39% at the end of the previous year.
Common Equity Tier 1 capital adequacy ratio was 10.06%, as compared to 10.24% at the end of 2015.
No interim dividend will be distributed.
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