BEIJING (AP) - Agricultural Bank of China Ltd., one of the country's four major state-owned commercial lenders, says its quarterly profit edged up just 1.5 percent as the country's economic growth slowed.

BEIJING (AP) Agricultural Bank of China Ltd., one of the country's four major state-owned commercial lenders, says its quarterly profit edged up just 1.5 percent as the country's economic growth slowed.

Agricultural Bank said it earned 54.3 billion yuan ($8.7 billion), or 0.17 yuan (2 U.S. cents) per share in the three months ending March 31. Operating income rose 2.9 percent to 140.6 billion yuan ($22.6 billion).

The bank said its rise in profit was due largely to a 6.1 percent gain in net interest income to 109.4 billion yuan ($17.6 billion).

Revenue growth for China's state-owned banking industry has declined as rapid economic growth cooled from the double-digit rates of the past decade. Growth slowed to 7 percent in the latest quarter.