HONG KONG: Agricultural Bank of China Ltd , the country's No.3 lender by market value, posted a third-quarter net profit gain of 16 percent, beating estimates, as its loan book grew due to increased demand for credit.
Net profit rose to 39.58 billion yuan ($6.34 billion) in July-September from 34.1 billion yuan a year earlier, according to a statement posted on the Hong Kong bourse on Friday.
That is better than the average estimate of 37.42 billion yuan in a Reuters poll of 11 analysts.
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