Rapid lending helps ABC profits climb
By Wang Bo | China Daily | Updated: 2009-11-11 08:41
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The bank reported a net profit of 49.7 billion yuan in the first three quarters. Bloomberg News |
Agricultural Bank of China (ABC), the only "Big Four" Chinese lender yet to be listed, has reported decent profit growth in the first three quarters, backed by rapid lending expansion that has added impetus to its drive for an eventual stock market listing.
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