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Rapid lending helps ABC profits climb

By Wang Bo | China Daily | Updated: 2009-11-11 08:41

Rapid lending helps ABC profits climb

The bank reported a net profit of 49.7 billion yuan in the first three quarters. Bloomberg News

Agricultural Bank of China (ABC), the only "Big Four" Chinese lender yet to be listed, has reported decent profit growth in the first three quarters, backed by rapid lending expansion that has added impetus to its drive for an eventual stock market listing.

Rapid lending helps ABC profits climb

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