Agricultural Bank of China reports a drop in quarterly profit

Note: This section contains information in English only.
Source: Bloomberg
Agricultural Bank of China reported its first decline in quarterly net profit since going public two years ago as bad loans increased and credit growth fell. The net profit lost 14% to CHY 21.2 billion (USD 3.4 billion) in the fourth quarter. Lender's shares tumbled to two-month record low on the announcement. 

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