China Agricultural Bank reports flat H1 net profit

The Agricultural Bank of China, one of the country's "Big Four" state-owned banks, said its net profit for the first half of 2015 rose only 0.3 percent year-on-year, citing the slowing domestic economy and growing bad loans. Net profit was 104.32 billion yuan ($16.3 billion) in the first six months, against 104.03 billion yuan for the same period last year, it said in a statement to the Hong Kong stock exchange late Thursday. The bank, which has traditionally served rural areas of China, said do