By Martin Mou
Agricultural Bank of China Ltd.'s third-quarter net profit declined 4.6% from a year earlier, as impairment losses ate into stronger interest and fee income.
The Chinese state-owned lender said Friday that net profit fell to CNY56.50 billion yuan ($8.41 billion), even as operating income rose 4.9% to CNY159.44 billion.
Net interest income rose to CNY134.89 billion from CNY122.84 billion, though credit impairment losses also grew to CNY39.95 billion from CNY30.69 billion.
Write to Martin Mou at firstname.lastname@example.org
(END) Dow Jones Newswires