
BEIJING, Feb. 3 -- The Agricultural Development Bank of China, one of the country's three policy banks, saw its net profit up 7.5 percent year on year to 15.2 billion yuan (2.5 billion U.S. dollars) in 2014, the bank's governor Zheng Hui disclosed on Tuesday.
Its operating profit last year came in at 50.56 billion yuan, according to Zheng, while the non-performing loan ratio at the bank settled at 0.57 percent, down 0.14 percentage points from the rate seen a year earlier.
As the sole agriculture policy lender in China, the bank said it has stepped up support to the sector in 2014. Its outstanding loans for agriculture support totaled around 2.6 trillion yuan as of the end of last year, accounting for over 90 percent of its overall loans.
In the "No. 1 Central Document" released on Sunday, Chinese leaders asked the Agricultural Development Bank to extend more loans to rural infrastructure and cautiously develop self-run businesses.
PLA soldiers operating vehicle-mounted guns in drill
Beauties dancing on the rings
Blind carpenter in E China's Jiangxi
Top 10 highest-paid sports teams in the world
In photos: China's WZ-10 armed helicopters
UFO spotted in several places in China
Certificates of land title of Qing Dynasty and Republic of China
Cute young Taoist priest in Beijing
New film brings Doraemon's life story to China in 3D
China-S.Korea FTA sets positive precedent
Ferry carrying 458 people sinks in Yangtze River
Mecca of Marxism
Bring them homeDay|Week