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China's AgBank posts 2.6% rise in quarterly profit

BEIJING/SHANGHAI, April 29 (Reuters) - Agricultural Bank of China Ltd (AgBank) , the country’s third-largest lender by assets, reported a 2.6% rise in first-quarter net profit on Thursday as the economy recovered from the coronavirus pandemic.

AgBank said net profit for the first three months of the year totalled 65.9 billion yuan ($10.2 billion), versus 64.2 billion yuan a year earlier.

$1 = 6.4676 Chinese yuan renminbi Reporting by Zhang Yan, Cheng Leng and Engen Tham; Editing by Muralikumar Anantharaman and Edmund Blair

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