Agriculture Bank of China 2011 net up 28.5% on yr to US$19.3 bln
2012-03-23 15:38:35
The Agriculture Bank of China (ABC, SSE:601288) announced on Thursday that its net profits attributable to shareholders of parent company increased 28.51 per cent to 121.927 billion yuan (US$19.3 billion) in 2011.
Earnings per share of the bank reached 0.38 yuan in 2011. The bank plans to distribute 0.1315 yuan of cash dividend for each share (tax included).
Net interest income of the bank increased 26.9 per cent to 307.2 billion yuan in 2011, accounting for 80.9 per cent of total turnover; handling fees and commission income surged 49 per cent to 68.75 billion yuan; and income from other non-interest businesses arrived at 3.81 billion yuan, down 4.2 per cent year on year.
The bank's core capital adequacy ratio fell to 9.5 per cent from 9.75 per cent, and its capital adequacy ratio increased to 11.94 per cent from 11.59 per cent.
Its bad loan ratio fell to 1.55 per cent from 2.03 per cent, and provision coverage for losses surged to 263.1 per cent from 168.05 per cent.
Average return of on total asset went up 0.12 percentage points to 1.11 per cent.