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Agribank Profit Grows at Slowest Rate in Four Years on Economy

March 26 (Bloomberg) -- Agricultural Bank of China Ltd., the nation’s third-largest lender by market value, posted its weakest annual profit growth in four years as the economy slowed.

Net income rose 19 percent to 145.1 billion yuan ($23 billion) in 2012, or 0.45 yuan a share, from 121.9 billion yuan, or 0.38 yuan a share, a year earlier, the Beijing-based lender said in a statement to the Hong Kong stock exchange today. That compares with the 148.7 billion-yuan average estimate of 30 analysts compiled by Bloomberg.

To contact Bloomberg News staff for this story: Jun Luo in Shanghai at jluo6@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net

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