China's AgBank posts 4.52% rise in first-quarter profit (updated)

Agricultural Bank of China

29/04/2026 10:04

Net profit at 75.185 billion yuan in Q1

NIM at 1.26% end-March versus 1.28% at end-Dec

NPL at 1.25% end-March versus 1.27% at end-Dec

Adds details from the filing in paragraphs 3-5

BEIJING/SHANGHAI, April 29 (Reuters) - Agricultrual Bank of China 1288.HK 601288.SS reported on Wednesday a 4.52% rise in first-quarter net profit.

Net profit reached 75.185 billion yuan ($11.00 billion) in the first quarter this year, up from 71.931 billion yuan a year earlier.

The profit is above three analysts' average estimate of 74.401 billion yuan, according to data compiled by Reuters.

Net interest margin - a gauge of profitability - was 1.26% at the end of March, compared to 1.28% at the end of December.

The bank's non-performing loan ratio was 1.25% at end-March compared with 1.27% three months earlier.

($1 = 6.8322 Chinese yuan renminbi)

 (Reporting by Ziyi Tang and Engen Tham, Editing by Louise Heavens)

 ((Ziyi.Tang@thomsonreuters.com;))