|Bid||2.670 x 0|
|Ask||2.680 x 0|
|Day's Range||2.640 - 2.680|
|52 Week Range||2.540 - 3.300|
|Beta (5Y Monthly)||0.64|
|PE Ratio (TTM)||3.99|
|Forward Dividend & Yield||0.22 (8.70%)|
|Ex-Dividend Date||Jun 09, 2021|
|1y Target Est||N/A|
Agricultural Bank of China Ltd (AgBank), the country's third-biggest lender by assets, reported a 14% increase in third-quarter profit as banks steadily recover from the impact of the COVID-19 pandemic. Net profit rose to 64.4 billion yuan ($10.07 billion) for the July-September quarter from 56.5 billion a year earlier, it said in an exchange filing on Thursday. The bank reported a 1.48% non-performing loan ratio at the end of the third quarter, compared with 1.5% at the end of the previous quarter.
(Bloomberg) -- Swipe your bracelet, watch or even a walking stick, and you can pay for your goods with digital yuan. These are just some of the quirky gadgets that China’s central bank, lenders and technology giants are showcasing to Beijing residents ahead of a broader rollout of the e-currency when the city hosts the Winter Olympics in February. The wearable devices, embedded with a digital yuan chip, can be tapped against a scanner, transferring the currency from an e-wallet without needing a
BEIJING/Shanghai (Reuters) -Two of China's top bankers on Monday warned of pressure on net interest margins - a key gauge of bank profitability - even after the country's five largest lenders posted robust first-half results. China Construction Bank Corp's (CCB) "margin will keep narrowing to the end of this year," said the bank's chief financial officer Zhang Yi in an online press conference. Meanwhile, Bank of China Ltd (BoC) expects net interest margins (NIM) to "still face a certain downward pressure," said vice president of the bank Wang Wei at a virtual media briefing.